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Show . . lit t !; V I ; I it If $ t I n t 4 i i ivji- - t . ..f.rl v ft a The Paper Thai Dare To Take A Stand : Page 2 The Utah Independent August 30, 1979 READERS DUTIL00K Independent Dedicated To The POLICY NOTICE 1 Wc like to receive Letters To The Editor. Frequently, however, these letters are much too long for us to use. For this reason, we are adopting the following policy: Morality, and Truth Constitution, Liberty, Part II Letters To The Editor or should be typed (double-spaced- ) written legibly on one side of an 8'$xl sheet of paper. 2. We will publish these letters regularly as space permits. We appreciate the fact that some subjects require more length. In such instances they should be submitted as News Articles and will be subject to our 'regular editorial policies and current (Note to Readers: Dr. Kershner has recently returned from an extensive tour which included South America, Africa and Europe. Here he discusses die economic situation in BraaL) needs. News items Must Be Fully Documented. We want to print 1. Where the Spirit of the Lord is, there is Liberty II lumnthiuns .1:17 . Inflation In Brazil . This means the manager must search for improved ways of operating, for better equipment, for more economical means of production. This is what increases man-hooutput and the wealth of a country. Profit is not something withheld from workers or gouged out of consumers. Profit arises when something is taken out of costs, and more efficient means of production are found. Thats what made the United States the most prosperous country in the world. As socialism increases, we are losing that distinction. Rarely does business operate at a profit under socialism. It does so under private ownership only because competition compels it to he diligent in finding ways : to cut costs. Many major industries in Brazil have been socialized, and for that reason there is no extraordinary effort to operate them economically. These deficits make it difficult for the government to balance the budget, and ah unbalanced budget, of course, is the cause of continuing inflation. But there is another very peculiar twist to financing under indexing, as the Brazilians call it. One cannot buy a house today and figure that as inflation goes on, he will pay. off the mortgage with cheaper and cheaper cruzeiros. He will find that his mortgage will grow in keeping with the increasing cost of living, which is essentially the same as. saying that the amount of the mortgage will grow in proportion to the quantity of money. It might happen, therefore, that one would find the amount of his mortgage growing faster than he had been reducing it by his monthly payments of interest and principal. Presumably, the zeros will be knocked off of the mortgage in the event of any general revaluation, but between drastic revaluations, the amount of ones mortgage rises in proportion to the rate of inflation. The purpose of indexing is to divide the benefits and the costs of inflation as evenly as possible, so that everyone will share proportionately in whatever happens. This ADVISE AND BELITTLE ur ; ' ' Dear Editor: While being ripped off by the were Carter energy crisis, advised both simultaneously being and belittled by the USSR on the same subject. In the midst of all the hullabaloo in the U.S. over nuclear power, the Soviet newspaper Izves-ti- a quoted . Anatoly P. Aleksandrov, president of (he Soviet Academy of Sciences, as charging that fuel monopolies are supmovement porting the so as to protect their oil profits. Aleksandrov described the Three Mile Island affair as a basically minor unpleasant incident and ; . , HDTTtn (USPS 864-28- . denounced Petr 0) -- 17.00 foreign. . . Paid at Salt Lake City Send change of address forms and correspondence to 57 E. Oakland Ave., Salt Lake City, UT 84115 . Semenovich Neporozhniy, Minister of Power and Electrification for the USSR, recently expressed his bemusement over the fact that the U.S.. with the worlds largest coal deposits and the worlds most advanced nuclear technology, is at the mercy of OPEC. During a San Francisco visit in June as head of an 1 Soviet delegation,' the Russian energy czar advised us: You have vast quantities of coal. You should use it, and you will solve your oil problems. Neporozhniy castigated the news media about public reaction to the incident at Three Mile -Island, telling the reporter who interviewed him: Its you and the other people in the newspaper who frightened your nation. He said the Russians are pursuing an aggressive nuclear power program, including construction of a factory Continued on page 3 breathing each into mainstreet, each gas station, What each poolhall. American, with soul so dead, never to himself hath said where all can hear it, I have a crisis of the spirit. American what And wouldn't have renewed confidence now that die second most powerful man in government is now our own Hamilton Jordan, new chief of staff for St. James. Jordan, like the river bearing his name, never' stops running. He runs the Presidents cabinet. Runs them down and runs them off. Thus a Carter cabinet will never go stale. Jordan is noted for his deep appreciation of nature and history. Awhile back, at a White House party, he' looked down the dress of the wife of the Egyptian Ambassador and told her the view reminded him of the pyramids. So obviously he is widely-traveleJordan does not suffer from crisis of the spirit. Recently ..while sitting at a bar beside a strange woman, he ceremoniously poured his down her spirits bodice. While the Cabinet was massacred, the White House decor is still pure Georgian. Carter indeed cut down the trees and kept the monkeys. The country is run by a bureaucrats staggering . total of 3.5 billion miles in 1977 the last year for which complete are available. figures more than 370 Gobbling up million gallons of fuel. Federal has. mileage ' increased 21 percent in the five past yeas compared . with a rise in ' private passenger vehicle mileage. Our President proposes that the government spend $140 billion on synthetic fuels, mass transit, subsidies the ' poor, for and government regulations, all of which would be paid for by . taxes on the oil The entire companies. : is proposal impractical, socialistic and counter productive. Synthetic fuels 13-perce- nt . . . been hamstrung by government and sabotaged by environmentalists. The citizens Switzerland, of Japan, Germany, . . are still several yean away. Further, oil companies like other companies dont pay taxes; they collect taxes. If taxed more, oil companies will increase the price of gasoline more. Price breakdown on a' of gallon - country boys. The President offered no incentives to the private sector. The only satisfactory solution lies in the private sector. If we have an "energy Carter made it. The war, war is against the free enterprise system. Had it not been for government interference, regulations, confiscatory penalties, taxes, and the environmental nuts, wed have more energy than we could use, at the right price. St. James took a little of the blame himself, but bestowed most of it on the on the oil people, companies, and the Arabs. There is, of course, no energy shortage. Our energy and we have far more than any other nation has federal drove a Road-happ- y d. extremely , 466-191- 3. Second Class Postage the coverage in the exaggerated media Western as an extension of the campaign against atomic power. Aleksandrov stated emphatically that nuclear power is the only sensible way of avoiding an energy crisis. They do have a point! Notice is this exactly the opposite of the line , being pushed by Soviet propagandists in the West. And now hear this: Independent The Utah Independent is published weekly at 57 East Oakland Avenue. Salt Lake City, Utah 84115. Telephone (801) Yearly subscription rates by surface mail: SI 2.00 in the United States; S : anti-nucle- ar Continued on page 5 Th confidence ONLY THE TRUTH! Many thanks. THE EDTOii Sorry mc cannot print vour 'quests for fund.,. To earn a profit, a business must offer better goods' and services than others are offering. 1 countryside, - By Dr. Hqward E. Kershner the into foraying 1 KERSHNERS COMMENTARY France, and Israel have been miraculously exempt from they energy shortage. We have more energy than all of them combined. The President is sending 600 more auditors into the field to audit oil companies. But auditors don't produce oil; they just consume it. came down from the mountain to tell us all we have to fear is fear And now hes itself. St James . ninety-cen- t gasoline: 38 cents to the Arabs; 26 cents for refining and distributing; 5 cents profit to the oil companies; 5 cents profit to the dealen; 21 cents to federal, State, and local taxes. Which would you cut? And how? If your government will just get out of the way, American ingenuity, enterprise, know-hocompetition can make us energy-sufficien- w, and once-agai- n t. Instead, Carter proposes that the oil companies pay for their own demise. Would you, as an investor, buy stock in an oil company or any other company which was about to be deprived of its right and its incentive, to expand, grow, and prosper? American Way Features . To say what you think will certainly damage you in society; but a free tongue is worth more than a thousand invitations. Logan Pearsall Smith |