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Is America approaching its economic nemesis?


Last updated 5/31/2007 at Noon

“Military spending today consumes 40% of every tax dollar. Sooner or later, higher military spending forces inflation and interest rates up, reducing demand in interest-sensitive sectors of the economy. Job losses follow.”

These are the words of Dr. Chalmers Johnson, distinguished scholar and best-selling author, who will speak in Fallbrook, Saturday, June 2. The event, at FPUD at 3:30pm, is open to the public. Dr. Johnson will address some key ideas in his just published book, ‘Nemesis: The Last Days of the American Republic.’

Johnson’s writings are controversial but deeply res...

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