Twin Difficulties at USA: Inflation and Unemployment

We just received  a newsfeed from News max regarding forthcoming 2nd depression in the USA.  It would be like a repeat of  1970.  Inflation at US for the last two years has been at 34% and real unemployment figure is at l7%.  If you add the two, that is the misery index.  And when real figures come out, the misery index is at all time high.   Money supply, which drives up inflation, is at all time high. Debt level went up from l0 trillion at the start of Obama's presidency to more than l4.2 trillion as of July 2011,

Inflation can destroy wealth and liberty of Americans, and their future.

The video promotes the book of Milton Friedman, the economic adviser to Pres. Ronald Reagan who brought new morning to America, post Carter.  It enttiled Money Mischief.  It gives guide on how to counter inflation.

Here is the link to the informative video

money_mischief.cfm?promo