Unemployment Ahead?

For all these reasons, it seems to me that the 1961 Budget fails to meet the requirements of good fiscal policy. I hope I shall be proved wrong, but my fear is that by 1962 a situation will have developed which is not capable of solution without considerable unemployment. If this should occur, it will be largely because the Government has failed to come to grips with the basic problem of excess demand soon enough and over a wide enough field.