Inflation, What Inflation?
There is a school of thought which asserts that an increase in the money supply will cause inflation as the higher number of monetary units, dollars in the case of the U.S.A., chase after the goods and services in the economy. It is a very rational belief that general price levels are linked the amount of money available. Detractors of that idea are quick to point out that, in spite of all the money pumped into the economy by the central bank lately, price inflation has not ignited, and in fact, there is still some worry about deflation. Maybe they have a point. Let’s see, the consumer price inflation calculator offered by the Bureau of Labor Statistics indicates that $1,000 in 2009 is equivalent to $1010 in 2010. That is a1% inflation rate per year during a time when trillions of dollars have been pumped into the economy to “stimulate” it. It seems like pretty tame inflation and a pretty good case against the link between the money supply and general price levels.
» Full StoryThe Potential Is There For Jamestown
“Don’t it always seem to go that you don’t know what you’ve got till it’s gone.”
One year ago I didn’t know Jamestown, N.Y., existed.
The Governing Elite Vs. The Rest Of Us
The truly revolutionary American idea of government as the servant of the people may be fading away. Many of today’s so-called “civil servants” are a protected, privileged clas.
» Full StoryThe Paradox Of Paradox
A paradox is a statement with an internal contradiction that resists intuition. The “liar paradox” might be a useful example: “This sentence is false.” If it is true then it is false, if it is false, then it is true.
» Full StoryCounty Needs Strong Public Education
The Chautauqua County Education Coalition has been promoting public education for over five years. As a coalition, we have supported improving communication among governments, business, industry and school districts.
» Full StoryThe Promise Of America
What is America? It is not the politicians. It is not the military. It is not the bureaucracy consisting of millions of people. America really is not even a place. America is an idea, that all people are born free, with certain unalienable rights.
» Full Story
Boys Volleyball
Floor Hockey
New Washington Street Bridge is Started
Clymer Girls BB
Crafts
Wash. Middle School & LSS
Southwestern
Real or Fake??