Letters to the editor from this week's Chronicle:

Dear Editor
The Feds have been allowing California to set their own auto emission standards. They are whining now because President Trump is insisting they accept the Federal standards.While I agree that states should set their own rules, my point here is this: Why has California been allowed to set their own standards while less populous states like Idaho are not allowed to set their own rules on air, water, timber harvests, etc? States rights should apply to all.
Lucky Brandt
Kooskia

Redneck Review!
No. 230 - 9/23/2019
So what questions might be asked, in view of the look taken by our last three reviews of the evolution of money, both  historically and most recently in the United States? It happened repeatedly in history, and again can be clearly seen happening in our own country today!
Essentially,  that evolution has historically  ended with FIAT MONEY!  The kind of "money" which can be best described as PAPER.  PAPER in the real sense that it has no value except for the agreed recognition that it can be used to purchase goods and services.  It is based on FAITH in the country that issues it, and so long as that faith holds, it serves the purpose of a "medium of exchange."  a critical characteristic of anything used as money.
But what has been the end result of countries that have resorted to paper or FIAT money? A most predictable result is INFLATION, a time of gradually or even quickly rising prices which is nothing more than a gradual,  or rapid sometimes, loss of value of the currency.  As has been claimed in part RNR's, common sense tells is what is necessarily going to happen! And research tells us today's dollar will buy no more than yesterday's dime! 
Consider for example a small town like Cottonwood, Idaho, where these articles are written. Imagine someday just out of the blue a large airplane would fly over the community, and start dropping $100 bills. Thousands of dollars in real paper $100 bills would come drifting down like a winter snow storm, free for the taking by anyone fortunate enough to be in the area under this money downpour!  A literal flood of recognized and legal money!  Can you guess what will happen?  Obvious!  Two high school boys who have been drooling over a red sports car sitting on Gortsema's car lot in Grangeville, priced at $45,000, now seems cheap as the boys have gathered from the money story nearly 1000 each of those $100 bills!  Wow!  $100,000 has fallen into their possession! The first boy to Grangeville will pay cash for the car, and soon dealers around the area will realize that money is everywhere, and, you guessed it,  prices will begin to go up! Not only for the cars that have been envied in their car lots, but in grocery stores and, face it, every where else.  That $20 steak dinner you used to drool over, but could not afford, is now easily ordered by the lucky souls who reaped in the thousands from that money storm!  And of course!  If you were not there at the money drop, you are in TROUBLE!
Far fetched?  NO!  That is exactly what has been happening in our country and the world also the past few decades! Central banks like our FED  have used quantitative easing (QE) and "Zero or near zero interest rate policies" (ZIRP) to expand our money supply much like the plane that dropped bills over Cottonwood.  Consequently, the stock market has gone up and up with only a rare downward correction fueled by cheap interest, and big government deficits have ballooned our national debt to over $22.5 trillion!  Consequently, not only has our national government accumulated this monstrous debt, but research tells us that debt is at an all time highs for citizens and even college students!  Sobering to recall that it was similar low interest that fueled the "Roaring '20's" that ended in a depression of length ten years in the '30's!
So need we be concerned?  Does the recent 1/4 % interest reduction by our FED, during we are told, a robust economy, with all time lows in unemployment, and slowly rising wage rates for workers, plus increased minimum wage laws at several state levels, and a call for a $15 minimum at the federal level, make any economic sense? Does the Right Side News quote last week that paper currency countries last only around 50 years have any meaning for us?  Or could Prof Tyler's claim that Democracies last only roughly 250 years be a warning to us?  Can the free medical care and college educations promised by liberal candidates be possible?
Jake Wren


Cottonwood, Idaho 83522
 

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