Surveys
show that forecasts of the future economy made about 25 years ago were
usually proven wrong almost without exception. So why do we accept
opinions of all the purveyors of future prognostication?
One
prediction ought to be a sure thing for the future of America.
Inflation, brought on by unprecedented budget deficits. Deficits that
cannot produce a viable economy, especially if politicians look to
taxation as a means of reducing them.
Deficits have never before been reduced by taxation,(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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