Blog powered by Typepad

« Commonsense from the Commons - SHLOCK-HORROR! | Main | And here's another! »

Wednesday, 09 January 2013

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c5caf53ef017ee71fb24e970d

Listed below are links to weblogs that reference Another picture worth a thousand words:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Yes, as I've said for ages the problems go back to LBJ and Nixon. LBJ was the root - he spent madly on expanding JFK's little war in Vietnam and also spent madly on introducing an extravagant welfare state. But he didn't do it honestly by raising taxes to pay for these baubles. So Nixon had a choice: go into reverse, or raise taxes to pay for it all, or accommodate in some other way. He chose the latter, with the consequences shown on the plot.

The comments to this entry are closed.