A one-minute definition by someone who knows...

• Click here to watch Mr. Friedman lay it out

I said as much further down the page.
Inflation does not happen right away. And that gives the Govt. time to come up with excuses and defer blame. Island Mike

Joey says the demos can fix it.
2 years to kill off a working economy and they are going to fix what?
All they had to do for the first 6 months was to leave it alone.
They poked it and borked it.
Now another 2 years to do what?
borke it even more?
Time for the demos to pack it in.

Considering the time frame from Carter to Clinton, I wonder how fast people will forget again?

Makes no difference.

Nearly 50% of the voters in the US would vote for Adolf Hitler so long as he had a "D" after his name.