[Sam the Sham]

What nonsense you talk !

Try to combine.
1. A major war.
2. A full employment economy.
3. A massive increase of government programs (like Medicare and the War on Poverty)

And what do you get ?

INFLATION.

LBJ's economic advisers flatly warned him that if he did not raise taxes there would be inflation. He refused because he feared it would undermine support for the Vietnam War. The oil price shocks simply made a bad situation worse.

[georgia2006]

inflation is caused by one thing and one thing only

MONEY SUPPLY

you truly are a keynesian. Full employment doesnt cause inflation. We had full employment in the late 1990s with disinflation.

Ahhh..LBJ did raise taxes and hot got even more inflation. Raising taxes increases inflation, lowering taxes reduces inflation.

[georgia2006]

do you know that inflation is?

it is too much money chasing too few goods

[hoosierham]

Item number 3 is the scariest part.

Actually, any increase in government ought to be viewed with suspicion by Americans but since FDR they think it will save them.