Clearly our government has promised a lot of public medical care, as well as much spending on pensions both for future Social Security recipients and for retired public employees. Few elected officials want to crusade for higher taxes. But our aging population and public medical spending that grows faster than the rest of the economy are nothing new to 2010.
23 June 2010
Don’t Fear Inflation, if It Comes - Economix Blog - NYTimes.com
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