The '70s Are Back

In my previous post on the return of 1970s economics, I forgot to mention one of the most irritating phenomena of the era: the propensity of liberals to blame opposition to “economic stimulus” on a desire for either inequality or mass unemployment.

As a result of that, I am unable to claim the credit of predicting the revival of that theory.

On the other hand, I still have time to predict that when interest rates rise again, some people will claim that that aggravates inflation.