About two years ago I wrote an article saying that despite the lack of evidence, and despite the near-universal belief among economists that it was not a problem, I was worried about inflation. My reason was that I couldn’t see how the government could pay off the massive debt it was running up except by inflating at [...]

OK, let’s go through this one more time. In 2006, Mitt Romney, as governor of Massachusetts, guided to passage, signed with a flourish and implemented with fanfare a health-care reform law for his state. It was intended to achieve universal health coverage — a long-standing liberal goal that was not even on the Democrats’ national agenda, let alone [...]