5 Horrors of Inflation *Update*
June 10, 2009
Scroll for Updates Ronald Reagan and Jack Kemp wanted to index everything, especially Treasury notes and taxes. By “indexing,” we mean tying rates (interest and tax) to the inflation rate. Calls for indexing subsided after Reagan and Volcker did what Ford and Carter could not: whip inflation now. With a $2 trillion deficit this year and multi-trillion deficits projected as far as the eye can see, inflation will return to ravage the American consumer.
2009 Economic Prediction *Bumped and Updated*
March 14, 2009
Originally posted February 15, 2009 I know this is a little late, but I was waiting for Congress to spend another trillion dollars or so before committing my prediction to the public. Here goes: GDP and unemployment will flatten and even improve a bit in first half of 2009 for a couple of reasons: First, people will begin to look for excuses to spend money. This includes businesses.