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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Shepherd Argus
Location
Shepherd, Michigan, United States of America
Date
May 11, 1966
Page
11
The text discusses a 2 cent lemon price and a 1.05 Canadian dollar rate, linking inflation to money supply and government spending. It argues honest government should cut spending and balance budgets to stabilize money, citing Canada and Sweden’s approaches and the inflationary risk in Sweden amid planned welfare programs.
Mrs. Idabelle Radford of Lansing assists Mrs. Shults with her brother Charles Shults. Mr. and Mrs. Jack Blenkhorn and family of Midland visited Merlyn Smith and family Sunday afternoon.
The passage notes the U S dollar at 43 cents in 1939 purchasing power, down from 47 in five years and 52 ten years earlier, with projections of further declines. President Johnson is blamed for inflation via food prices, while farmers argue that rising prices reflect symptoms and call out excessive government spending as the root cause.
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