Phony Economics By Thomas E. Brewton
Liberals implicitly acknowledge that the so-called budget-balancing of the Clinton era was based on subterfuge and outright lie.
The Wall Street Journal editorial page notes the passing of one aspect of the sanctimonious liberal-progressive blather about fiscal prudence during the Clinton administrations (see Rubinomics R.I.P.)
I disagree strongly with the Journal's insouciance about Federal deficits. Those deficits inescapably lead to inflation. The only question is how high inflation will be in any given year.
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