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Show Inflation needs to be stopped The blight of inflation on the economics of this country was forcefully pointed out this week in a report from the Federal Reserve Bank of St. Louis. In language that we can understand, un-derstand, the report projected the cost of several items over a 45 year period with a built in inflation rate of five percent annually. The results of that report should make us stop and contemplate what can be done to stop this crippling phenonenon. The report indicated that a gallon of mil, would cost $12.49; a pound of peanut butter, $12.13; a dozen grade A eggs, $7.64; a one pound fryer $4.40 and four rolls of toilet paper, $7.10. The five percent is a relatively low figure based on current inflationary in-flationary trends of this year that currently is calculated at more like 10 percent annually. History of the past 30 years, as indicated by the report, supports the theory that inflation will continue to be with us. This year along the inflationary rate is forecast at a full percentage point above last year, indication that the trend in increased costs for products is going to continue at even a faster rate. Somewhere a lid has to be put on the inflationary trends of this country and the most 1 gical place to start is at the top - government. The now famous Proposition 13 in California is evidence that the people are concerned. Hopefully those in positions of leadership in our government will get the message and begin to cut back. Governor Scott Matheson must be commended for his effort this past week for taking the initiative in announcing a reduction in state level programs. If that effort .can be matched by other government units, particularly par-ticularly the federal government, maybe the trend can be stopped. |