Roaring Back My Eye! (Part 2)

As we indicated in Part 1, what is happening now is the opposite of the supply-side recovery of the 1980s. The present ballyhooed “booming” comeback lies in the massive debts that have been deposited on the backs of future taxpayers so that Lockdown America could have a spending spree during the summer of Covid.

That’s the cart driving the horse. That’s Keynesian hocus pocus on steroids.