Blame inflation for rising oil, gas prices

Freedom New Mexico Those who cannot remember the 1970s are condemned to repeat them. Even if you’re too young to remember the Disco Decade, you’ve doubtless seen pictures of cars lined up waiting to pump scarce gas at filling stations. We’d suffer that again if Rep. Dennis Kucinich, D-Ohio, and five colleagues get their way. […]

School board anticipates budget deficit

CNJ staff A combination of inflation and New Mexico’s state budget problems have the Clovis Municipal Schools projecting a nearly $700,000 deficit for the 2009-10 school year. Chief Financial Officer Jose Cano painted a broad, but sobering look to the school board Tuesday night regarding what to expect with cuts in state funding and spikes […]

Use of creative means helps battle inflation

Freedom New Mexico Be an inflation warrior, not a price victim. Free yourself by taking control and living smart. Be a strong American, not an easy mark. Here are a few tips: Buy lots of shelf-stable and non-perishable foods to stock up the shelves, pantries and deep freezes. Not because the world’s ending, but to […]

Rate cut should spur growth

Staff and wire reports WASHINGTON — The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession. A disappointed Wall Street took a nosedive. Fed Chairman Ben Bernanke […]

Nobel winner expands upon basic economics

By Freedom Newspapers We were holding out, and we still are, for Gordon Tullock. He’s the economist who worked so closely with James Buchanan (who already has his Nobel) in the development of “public choice” economics, which put academic meat on the common-sense observation that government employees are guided by personal and institutional self-interest rather […]

Prices symptom of inflation, not cause

By Walter Williams: Syndicated Columnist Last month, President Bush nominated Ben S. Bernanke, chairman of the President’s Council of Economic Advisors, as chairman of Federal Reserve Board to replace the retiring Alan Greenspan. Greenspan’s replacement comes at a time of heightened fears of inflation resulting from the recent spike in oil prices. First, let’s decide […]

Economy in debt to Volcker, Greenspan

By Steve Chapman: Syndicated Columnist When the history of the Federal Reserve is written, one of its most important chapters will cover the period from 1979 to 2006, when the Fed was under the stewardship of Paul Volcker and then Alan Greenspan. That chapter will have a simple title: The Conquest of Inflation. For those […]

New chairman’s first job taming threat of inflation

Freedom Newspapers With the threat of inflation returning, keeping it tame would be the first job of Ben Bernanke, whom President Bush on Monday appointed to be chairman of the Federal Reserve Board. On Oct. 14, the U.S. Labor Department reported that consumer prices rose 1.2 percent in September, the highest level since March 1980, […]

Revolution in economic theory positive step

Freedom Newspapers It’s more than a little gratifying when the most recent winner of the Nobel Prize in economics tells CNBC, the cable financial channel, that President Bush’s tax-rate cuts were “pretty small” and really should have been bigger. Said Edward Prescott of Arizona State University: “Tax rates were not cut enough,” because lower tax […]

Now Reagan belongs to the ages

I had been working in the White House East Wing for several weeks before I ever saw Ronald Reagan in the flesh. One day, as I walked alone from the East Wing to the West — a path that took me through the Rose Garden and past the Oval Office — I suddenly heard a […]

Inflation forcing Americans into ‘rich’ tax category

Freedom Newspapers You could avoid getting a heavy tax gouging next year. Last Wednesday, the U.S. House of Representatives voted 333-89 for H.R. 4227, which would postpone by one year forcing 9 million more taxpayers to pay the alternative minimum tax. “The force of inflation is pushing more middle-income households into the alternative minimum tax […]