Thank you Dr. Sowell for continuing in the footsteps of Milton Friedman.
I am currently reading "The Tyranny of the Status Quo" . In the chapter titled "Inflation". He pointed out these same facts. After 30 more years of experience, the people don't get it. No! As long as voters vote for more stuff, politicians will continue to spend more of the rich peoples money until they run out of rich people. Then they will just print more money. Which the Fed is already done. What are we on now: QE3? The end will come and it will not be pretty. Will it be like Nazi Germany or Greece?