Endless Summer

Megan, correctly, calls for a change of course in interest rates. I’m so tired of hearing politicos talk about the delicate balance between inflation and recession. Inflation is a hidden tax, the greatest enemy of the common man. Recessions happen repeatedly. Recessions are just part of the business cycle. Trying to avoid a recession is like trying to avoid winter – it can’t be done. Just as there is no endless summer, there is no endless boom. But politicians want to take credit for an endless summer and we voters do tend to punish whoever’s around when winter shows up. I guess we get what we deserve – and it’s not endless summer.


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