Government, fiscal, and monetary policies must be stabilized and the budget brought into balance. Irresponsibility in high public office invites the same attitude by the people. Much of the bitterness and frustration which is evidenced in the demonstrations and riots is in part a byproduct of government fiscal irresponsibility. Extravagant promises of instant prosperity and total security could not be fulfilled, and so the disillusioned protested. Much of the present discontent probably should be charged up to the rapidly escalating inflation which is boosting prices and destroying the value of savings.
Inflation is caused by.
True happiness cannot be purchased, it cannot be found in material comforts alone. Undoubtedly, much of the current turmoil is the result of the frustration experienced by many people when they find that money and things have not brought happiness. It is also probable that increasing restrictions on individual freedom are being felt but not always identified. Ever higher property taxes, sales taxes, income taxes, and surtaxes are required to pay for planned society schemes, and this reduces the individual's freedom to spend his income. Furthermore, the welfare state breeds countless rules and regulations as thousands of new laws are passed each year.