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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 21, 1972, Lethbridge, Alberta THI ItTHf.tlDGl _ g No substitute (or stab e money By Bruce l commentator EclU-r bix thin six cent unemploy- ment is a and slo- gan- Contrary to popular history that it K not essary to have to be- tvrtjen inflatiwi an1) ment; in sta'A: have usually 'iurinf! period of riling livilv. Kor the piM ihe w-.t o! living has aixwt live cent, even more serious hts come clwAr. Infla'.ion no4, always 112. dnada his long pen'xJi tf [iiUig pr.cfr-. i'J'.Ti as th-; last quarter t.'.': Itth 'JP break of the First V.'or'd War in 1314 and this v.-a.s a period 01 rapid wwjrmc growth. Fairly curable price "ability v.-as experienced in tne v.-hen Canada -A- as going through a rosra? ftoom. Hov.e-.-er. in sr.d creep''' h" a price in recerit years, yfcMhe is by rn'jaris operating at mean f'jil cr.ip.oyrcer.l or 'even In fact, in the '.ong rvji. un- inili'iorj an economy in Ehamrjlts. this is that the price situation is much more complicated than people gen- erally think. Tr.e dollar is not being eroded by natural forces. It is being undermined by events largely within on.' con- trol, including pressures by the and also by the public. Inflation car, be stopped II eno-jgh people felt tre damage'done ii grtai er.ough to juF.ifv the effort. Writ k the damage dore by Irjffeiori'.' inflation as almost a way of life has been accepred by those purportedly, are i-ri aiding the Iwa-t income iKna'.ion has made the poor poorer ar.d thi ricn Elderly psople on are the large-'. sL-.gie ir. the poverty category. It is a fair pjess that has significantly to their jjrfji'jarfitrr.. v.ealUiy, on the '.-an diversify as- it-Is and have access to cnyii'. to fcpfjulate in kinds of inflation hedges such as com- Both the Unittd Ststes arid Canadian governments up until iwntly have hard to inflation in check, again-Tt inflation ovc-r tt.e past few years, it has ionaUe argue that inflation was the price that, had to paid for easing the danger o! lx.-v.vcen management and la- bor and for acceleratini? ecor.- orrJc For a na- tions with rapid inflation Eorne of these hecelits. How- ever, eventually when the costs become apparent most ijefenc- ers of inflation win retreat. Xor Ls there any example in economic history that rt'jomm'-nd as a i'JC- formula, The countries have standards of liv- ing have all aimeri at money. Tr.e countries of the European Econ'.rrJc Commun- ity have experienced rather not- able inflation in the laf.t few such bouts have r.eeri 'he for efforts to keep prices in tir.e. The cxnntrles v.t.ere inflation has been endemic, as in Latin Book America, are not among Ihu rrio :i ones. Few v.ish to em'jla'.e pat- tern of late 13th century France or Germany in ]V20s when infiation -A-as rampant. It Ls unlikely that Canada be -io today if the Fath- ers of or the fi- nancial tycVAts c-f the nine- had launched the co'jn'jy on a career of secular j.lfiatio.n The period v.Ul cru- cial in the battle for stable prices. Vne press'ires on both lhe and labor F.ides are rnoiir.tjng visibly. Further, the tenwj.s hold on power of rninori'y the inflation lx- restrained? Tne means are at harjd. The Bar.k of Canada can tighten its credit policy, raising the cos! and reducing the availability of is little that, pushed far enough, credit restraint can halt inflation. In- asmuch as this could halt the of employment if pushed too far. the Bank of Canada will be v.'eH-Edvisc-d to proceed not trx; precipitously. could go slow on future tax Together able economy in public spend- tnis give fur- th-rr against inflation. AS! parties, particularly when Tberc is a "lag1' effect of changes (jf up to a year that if taxes are cut, on lop of [be cuts put inVj effect year, the soon v.ould be over-stimulated. Inflation is not inevitable. On groyncls alone, we have i'ja.sra to put an end it. One hbowj add also Uiat LnP.a- tion is not only an economic is- sii'.-, but a moral one. Inflation is a f'jrm of cheating. To [ntjm- ise pay a sum of money with reservation that by time it is due, tbe money will be less than today is less thari honest, The action is made no more respectable by the exp-C'jtion that some can get ahead of the game. To meet the moral Issue, some economists have proposed "es- calating'1 the economy. It would mean changing salaries and wages month in accord- ance the rise in the cost of living. It would mean mak- ing bonds and perhaps saving accounts and life insurance variable so as to maintain their value. However, even those at- tached Io strong ur.iwa witri pay monthly Uj increases in'the co-sumer price index feve trouble keeping pace w-tlh inflation: obvious- jy. v.iU lag at one month. atior. do Ls to for stabili'y and ir.-tgrity in our ec-onorny. Tney fail to see that adjustments can never keep pace will, inflation unless Iwy are made almost every day. Also, if corporations had lo redeem long-term bonds at a that could not deter- mined at the time of issue ade- quate reserves could never estyblisbed. A timilar situation would develop for life insur- corrjijanics. Eventually become v.-id'.-spreao1. Hn-Aever, the effect of placing everything on an escalator wojld be to speed up the rise in prices, wages and salaries. people v.ould it a.s a signal that the government had given up hope of containing inflation. Savings v.ojid tend to dry up a.s rnfyre and more would tempted to speculate in other things, to attempt to be debtors in order to repay loans in 3 depreciated currency, while few would be willing to be lenders. As a matter of practical econ- omics, therefore, chronic infla- tion usually goes the course: creeping, walking ani trien run- ning. Tn'js. tlie moral and prac- tical issues povyi by inflation remain ijnresolvcd. Finall.v. it rnir-t be price a.-.d v.aae controls are nothing rrjo.-e thar. a expedi- ent: car.not do anything other t'-an mask which eventually force controls to break for stable money. Portraying a man as larger than life S. Truman" by Mar- garet Truman Daniel (Wil- liam Mr-rrow 2nd Co., 001 312.1.T, distributed by George J. People shouldn't be aiiovred to write books s'rxwt their fam- ous relatives. than such to rx; nothing more thar. "'critical ar.d glow- in? to the sub- jects while blithely g'.os-Lig over or cor.-, erJer.tly ig.-o.-ir.g shortcomiigs and human frailties. They are not ar.d thus not reflection of the rjhjects or their this -dtsi-jfr of the former pvesidfcr.'. o! {he' United States is just such a book. Written by his only child, the book entJtied simply Harry S. Truman looks so uncriti- ca'lv at a highly controversial that it v.-ill of little historic value to future generations studying Mr. Tru- rnan and hi? Hizh'v ar.d intimate, of course, 'r.e book v.-ith of letters arxi Dajiiei has a deep ar.d reif eorJessed admiration for hi-r father, as a man a politician. As every daughter should, she loves her dad. And that Is the centra! vi-hy she should not have Mce weaflicr for Ducks. it comes to your favourite Andres pleasure knows no season. Andres Cold Duck, a bcsutiful fcknd of champagne and burgundy. Or Andres Baby Duck, the happy marriage of a robust, red wine to a delicate, sparkling v.-hitc. Whatever the weather, now's the time to get quacking. undertaker, to chronicle his liJe. She is Lrivo-1-.ed too ceer.'ly cornrriitieri 'o Tnu-, Da-iiel's pen fjra'A's o' His co-irage. hh m- insJEht. fore- sbt5. r.1 e rtnce i fi the of oevotiorj Io duty, humility to vrlth- Ir. s'r.rirt. to his lov- ir. 2 d 'J ght er r.e can GO no v.Torjg. At it gets to be a much. For example, she quotes ori Cri urchiii hsvins ti'ld Truman that "mere thin arr." oth-er man. you or hid the temerity v> oppo-rie hi.T: ire dismissed n crackpotH liumaiie trapping Cesar ANDReS SPARKLING BABYDUCK ANDReS COLD DUCK For Iht first time In the history of fur the of cap- turing our wildlife is b coritrover- sial issue. for rfeas'jris. 'Hie ley hold trsp. Tor ihlv is fxryomJ ;no-'. svj haric er by rritn vtntiw has canoe trav- el ixi spawr ffighl v.ijiie all other as- of h i.s li '.pelih h i e unde r gon e char-gee, tiie !eg hold iu method of use rejnaJm much tne iarne. njiWr the graphj'. which IE L'J': U> attenticn of the general p'jblif.. the un- fierUking of lieW research and im- provernent of human': Irsps '_tvJer develop- ment to date. J arri not a member of htimane organisation, I v.ork closely wit h yjm e on thft-'A problems and a m a w are of trK the groups snd government I therefore like to portray uhe frorn my of vjtw. Fur i- still E mijlti-million dol- Isr business Ln 7'v: modern 40 arid .Vj trappers an- itt o'Jt b-'ses from v.nich Eip- p.-'jxjrnaleiiy four mJiiioTj pelts are harvebt- ed. it vrill be Uj animals for both finajxjig] reasons con- trol of arlmals. Tne rn'oskrat. for., badger, raccoon, and have proven their ability to survive, arid in some cases to increase, in areas, in of trtroiras aryj harassment. According to statistJcs the besver populstiori today is 35 large EV- when rnen first to cwtirient. To dis- f-jnvinue trapping animsi1? for their fur nvo'jld irjeviti'rJy have adverse any ix.-corrlr.H quJckiy become as pes'-s arid v.oujd }x hunted and killed rjch. Tne old adase thst nature maintain an equitable orjly man has not Wherever he has done so, must ce'.ise methoos to con- trol the species, Vrhile in our age to- day, it is possible fo !Jft this occupation a level- g'j'' officiai.i i e., of tour 6 L- rtiuclar; t act C nan g rriean ner-1.' tfjl'iniquwi arvd regulatjom which are stili debuted jn prefer to avoid the J do v.itrj U-e of orgarjjza.ti'jn6 tiiat fur trapping can be by the wearers of fur gar- history has al- ways tried th? bide, fur arid meat of rrjabs. Tnere should no rr.ore stigma at- tached Uj the -Aearing of ari peit tiifcn triers is to ecling tn anJir.aj s fissh. Jt is the mcthfxi of o'rjUinirg thtee that U sometimes shameful Th-e of tfit- individual in wear fur garment v.rrjid result in many in the arjjicl being killed for s dif'erent reason. Siinilarily, the use of material as a substitute for the natural fur is again a false illuHori of solving Mere too. there js anothw factor to synthetic fur is made from a able resource- Natural fur. v.r.h careful croprjing. is a Arx3 of course, there is trie UAual O'Ji-crj1 ihit goes along Vtiin im.pefidirjg change- in man's the cott ajjd tr.e jxx--s: o! putting people a'jt r.r ally the benefits of tbe A good instant humar.e is nov; Long overdue. v.o-Ja be bene- ficial to the trapper and fur itseif. A quiddy killed animal resuJts in a clean undamaged pelt, worth considerably more than ihst is bloodstained and damaged by a wr.eritior.ia! bold trap. And there is also a time factor tr> ix: con- sidered, as as a fecliis of aversion, between the tkinriKis and preparijig of a sound, clean and one that is bSvxJ- and rnajiglec. Tfie fact tha- animals CS.T 'w caught hu- manely is no ionger an assumption: there is sufficient e -.-e now that t bis c-an a reality. soon, however, will depend on certain factors. How much sup- port will h-e given by gcivemmerits and other interested parties, and how this sup- port ivil] be utitized thrcraEhout tz.c- vLriciu; processes of a changeover. ER C NICOL Something in my throat Democrfct are casti- is reaouoriaries eix3 re- oni- Ls Snide cflmmeats tlie great arid Arr.erican politics fill the e on side are ge> e r re-is tr m en t those who were DO' are ripped to shreds by author's sharp perL Even Franklin Roosevelt does escape rv.ioh criticism of FDR, hdi last cabLnot, his style. But it L) Gerj. Douglas Mac- Art h'jr Vr'ho comes Ln some c: most vitriolic aixise Ln book. Tne daughter quotes father labelling him 6 ijri ma dorr, a tbeG Urnent- r" 'that there are stuffed that in rush Mac Arthur U virt'jairy accnjsed c E pea ct m Korea to nurture political Henry Roosevelt's president, is called s daiigero'-is dreamer. Mrs. Daniel spends so much of her time deno'incirzg her apponer-is. praising his f.hievernerjis. apologizing a-id hiirrj.-js otr.ers things tha thc-re's not r.-iuch left v> illumina'je sorr.e o' r-r.e rr.ore a t rxrc'_5 of t r.e presi- She Ln an enviable to do so. bj; she fum- the .i, You Cc-n. 2 hcryr lo water but you can't him c, e-5 i IT ea.1- ur.- bo ir d report thai slate? that efforts to footer bilingual- in the fed ere.! public have waft- ed more than Si" million, Tne report says the lanetjsge ths io lesch the second io one sen'ant., arri the ra'A stilj 15 92 per cent. .Now, toys of pencil on trie table of my aunt. It abo cover is m the- garden of my uncle. 'J2 per cent failure- ra'e indicates where action L-: IL tb-; pociiet of my v.-aUeL What v.-wt v.ror.g? V.'hy this stubbom on the par. of ch-il sendee em- invited to become bilingual snd eri- joy Epe'jiai icr.' cf iseirig able to order from the menu without having to ask the waiter if the a-j COT.CS wiUi gravy. Trjc federal gravy :s rjeins Iw-. iiirough 5 iitve- to ir.e amo'.irL c-f Triere miisl te some rea-jon our civil servants are majoring in I suggest that the problem is not con- fined to UnguisticaUy speak- ing many Canadian; have given Trudesu heirts D-J: L-.e larj-TsX they are 100 per cent St.t-nfic-ld, >ti. I ind'jde myself, the pie-c-e of 'xis: T hi'.'e zr> A in P'ren ch ve a merit i bl fa'vyjt ;o trie French IEJJ- g-jage. To most males the exercise Jy effeminste. This discomfort become? acute for the olctr man subsidence of of manhood strapriying, To such a persxi to sit in E in broad budding his lips to 'oe- cbarn- the French "u': sound, is perhaps cot rt-alisdc. Further, many civil servants may be al- by the common belief that the lan- guage instructors hired by the federal put- lie service resort to drastic "They're trying to shove French o-jr one o! them told me. anony- ffjously. J have heard other cescribe instructional technique in the same "shoving Freooh Thi; method of faucmng up the French student sounds painful. bunch of French irregular verb? ftyifed derm one's glottis is a prospect disco'arag- ing to the mcist ardent supporter of Can- sdian federalism, Extensive revision o' the pro gra m is iac: cated. to i t less 'OTTTJ idabh'. For SZ'jfffj it shrruid be possible tc give each cinl servant prlva'e insirjctior in French. in the boucioir of his choice. For the male stviden: I recommend 2 teach- er whose Frervoh faciiiaes resemble oi Zizj Jeanmaire. For the female civil ser- vant, a ytrjng Instead of a crash course i' be more of s. crush exirse. According so rr.y es'j- rfiates. si! lire rate vs-ill drop cally from 92 per cent to min'js :0 per students as ?-er- vants to get into the course n'hen they are in fact hankers and lawyers. I n other v, or need a F rr.ulatin g language program. Our pe Japir, L5 s luffed off in less thaji a the with WMWlSlji'l -a Ed 'J4U I.'.L of elec- fiurir.g he had r o f "h t of f tioal as r OV.TI ar.-i then a g e f O.TI :r. whi ch English u must for Quebec B.v Roger Brnneau in Qaebtc l-'Action for a !wg unje, tnt o: T'J of fjinaticiim iu :r., to t'r.trr. 'ri kerj tihrural. swisl liw '.r.c r-f that us to miiborj '.vho i! sho'j'r: our 'ui. ve irrcpirab'y lar.eusee Frc-r.-j Frenc-h in r v.hirr] our sdvr-r- S-jch a i-.rgcr tnarj hfe. a Miificcj'. fiuiu, mar, -R'ho cojM GO Unfortunately, it i.1, sn ili'jiion. No man is as per- fr-f-r Mrs, pain'o T', accept at face %v.-j lid be an Io his lirr.cs KLAUS point; f.c-n the teaching o; Enc- lish a setind language sh'yj'd he haltwt Reflection and logic icac us to more realistic rntiical .solutions s'.'hich are more advin'ireo-js ior A t-.c For several years nov.. rr.ore i crept- shift ar.d modified has beer: pro- posed. All who have set themselves ur, 23 decicatwi to t-he defence of of from the rest o' ihrr Amcncaii conuaciv. Ey hm n'jc ?i Knglish as a i tfje in our schools a wr.riur.? wn- language. ;