Memories of the 28th Century

I saw a letter to the Editor in the Daily Hampshire Gazette that asserted that present inflation was a result of Biden’s policies. That is a false accusation. There has been inflation at substantial levels for several decades, and it has been a deliberate policy of the U.S. government. The inflation policy was established to ensure that the government could make money by selling long term bonds.

Bonds are sold by the Treasury Department with a fixed interest payment, and the actual ...

It as been a while since the term “fiscal conservatism” was in common use, but in the years after WW II and before Reagan’s Alzheimer’s term it was in common use, and the concept was embraced by both of the major parties; although the Party of Lincoln was usually more for it, because the party of FDR was more focused on social problems, and some people thought that throwing money at a problem would eliminate it.

Ronnie showed us that it made no difference what one’s political or ...