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Slow and sure.(Letter to the editor)
These predictions for the United States were delivered, verbatim, in 1958:
1. "Greatly expanded government spending: for missiles for so-called defense generally, for foreign aid, for every conceivable means of getting rid of ever larger sums of American money--as wastefully as possible."
2. "Higher and then much higher taxes."
3. "An increasing unbalanced budget, despite the higher taxes."
4. "Wild inflation of our currency, leading rapidly towards its ultimate repudiation."
5. "Government controls of prices, wages, and materials, supposedly to combat inflation."
Points one, two, and three are now well-established facts. Points four and ...
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Source: HighBeam Research, Slow and sure.(Letter to the editor)