Phantom Profits and Inflation Tax in Monetary Policy
A lengthy opinion argues that monetary inflation taxes the public by diluting the currency and redistributing wealth to government and its beneficiaries. It cites Keynes, compares inflation to watering milk, and outlines three main tax-like effects: reduced purchasing power, higher income tax brackets, and taxation of phantom profits. The piece references Nation's Business 1971 on phantom profits and warns fixed incomes suffer most as prices rise and assets are taxed more.
MENTIONED IN THIS ARTICLE
John Maynard Keynes
Nixon
Nation's Business Magazine
Finerson BP. Schimidt
Rel Ilallat
Suhindt
Yim
Sts Schmidt
Schmidt
Strange Encounter Aboard The Washington to Newark Train
On a slow moving train from Washington to Newark, Howard Michaels and Laura TenEyck share a table and cautious conversation. He seeks connection amid his government bachelor life. she remains distant yet intrigued as they travel through Maryland, Delaware, and New Jersey, ending with a tense note from a conductor.
MENTIONED IN THIS ARTICLE
Union Stalin
Tower One
Washington
Newark
Michaels
Howard Michaels
Laura TenEyck
New York
Maplewood
Greenville
Baltimore
Laura Tonkeyck
Mr. Michaels
Laura
Tess
Honard Michaels
Maryland
Wilmington
Delaware Valley
Philadelphia
Howard
Princeton Junction
Gaura
Ito
Freedom and faith guide Columbus paper in 1971
The newspaper proclaims freedom as a God given gift not a government grant. It promotes self control and moral guidance from the Coveting Commendment Golden Rule and Declaration of Independence. Published in Columbus Nebraska on Wednesday Oct 27 1971.
MENTIONED IN THIS ARTICLE
Vbiucn
Tun Istrea
Niniself
Columbus, Nebraska
Silent heart attack explained by Dr. Lawrence Lamb
Dr. Lamb explains silent heart attacks can occur without symptoms and may be found on routine ECGs or post mortem exams. Smoking increases risk and stopping reduces it. An old myocardial infarction and ASHD refer to past heart damage and arteriosclerotic disease.
MENTIONED IN THIS ARTICLE
Lawrence Lamb
M.D
Air Force
Fragmented OCR List of Names and Places in Haphazard Form
A garbled OCR list of names, places, and terms appears with mixed language and numbers. It reads like scattered proper nouns such as Michigan London Central district and Canadian province hints, interspersed with unrelated tokens and misprints.
MENTIONED IN THIS ARTICLE
Mahandy
Biller Valety Jim
Oman
Neve East
Alindanzo Export Hert
Nugacia
Arinkingeup
Constellation
Bacevatey Michigan
London
Aimericag
Wnocwogian
Oriental Party
Alphanisney
Atx
Don Teal
Meeting Soviet bluffs aboard the USS George Washington Carver
Norfolk dispatch recounts a Navy tour led by Vice Admiral Rickover aboard the Polaris era USS George Washington Carver. The piece reflects on ballistic missile submarines as deterrence, compares Soviet advances, and argues for enhanced nuclear powered ships to deter conventional and nuclear threats.
MENTIONED IN THIS ARTICLE
Norfolk
H.G. Rickover
Admiral Mahan
Admiral Ickover
David Fairhall
The
Guardian
Middle East
Rickover
Joint Committee On Atomic Energy
Rickoger
Henry Jackson
Sayies
Question Box on Americans owning gold nuggets and law
The article explains that Americans cannot own gold bullion or pre 1934 coins but may own natural gold in nuggets dust or jewelry. It argues no law prohibits nugget or dust ownership and suggests enforcement would be impractical in mining districts. It notes some investors hold gold against future freedom from restrictions.
MENTIONED IN THIS ARTICLE
Alaska
California
Fleapte
Magazine Industry Sees Shift From Print To Electronic Media
Printed word in magazines faces decline as electronic formats grow. General magazines struggle while niche titles prosper with targeted ads. Postage rules and higher paper costs push publishers to lighter stock and new printing methods. Books, especially professional and technical titles, remain buoyant amid change.
MENTIONED IN THIS ARTICLE
Losk
Rec
Post
Colliers
Life Magazine
James McSwiney
Mead Corp
Escanaba Mich
McSwiney
Peed Eta Electronics Media
Anl
Also Mentioned on This Page
CEN
Jim
Dishrioyiet
Wing Fuahuet Syndicate
Jere
Pursle
Genji
Washington Town
Nauts
Sumbawa
Khayyaor Island
Dinary
Bey
John
Chamberlain
OSH
Oakley
Newspapal Enterprise Association
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