United States or Chile ? Vote for the TOP Country of the Week !
The following winter the aerial navigator, in the same No. 5, sailed many times over the waters of the Mediterranean from Monte Carlo. These flights over the water, against, athwart, and with the wind, some of them faster than the attending steamboats could travel, continued until through careless inflation of the balloon the air-ship and navigator sank into the sea.
When the period of post-wartime inflation came upon this country specialized thievery marched abreast with legitimate enterprise; with it as with the other, rewards became tremendously larger; small turnovers were regarded as puny and contemptible, and operators thought in terms of pyramiding thousands of dollars where before they had been glad to strive for speculative returns of hundreds.
But as we all know, they were also times of great agony the agonies of war, of inflation, of rapidly rising crime, of deteriorating titles, of hopes raised and disappointed, and of anger and frustration that led finally to violence and to the worst civil disorder in a century. I recall these troubles not to point any fingers of blame.
the Social Security System was refinanced to put it on a sound financial basis; the Humphrey-Hawkins Full Employment Act was enacted; Federal assistance for education was expanded by more than 75 percent; the minimum wage was increased to levels needed to ease the effects of inflation;
There isn't one of the old great nobility he hasn't alienated, or one of the minor barons, the landholders and industrialists, the people who were always the backbone of Gram. And it goes from them down to the commonfolk. Assessments on the lords, taxes on the people, inflation to meet the taxes, high prices, debased coinage.
All his little fishes talk like whales. This yeasty inflation, this stiff and strutting architecture of the sentence has come upon him while he slept; and it is not he, it is the Alps, who are to blame. He is not, perhaps, alone, which somewhat comforts him. Nor is the ill without a remedy.
The conclusion at which we arrived a month ago was that by taxation rather than by borrowing and inflation much more satisfactory results could have been got out of the country.
The American people have waited long enough. This year we must act on hospital cost containment. We must also fight inflation by improvements and better enforcement of our antitrust laws and by reducing government obstacles to competition in the private sector. We must begin to scrutinize the overall effect of regulation in our economy.
Conscious virtue of this kind is a good and sufficient ground for patriotic inflation, so far as it goes. It commonly does not go beyond a defensive attitude, however. Now and again, as in the latterday German animation on this head, these phenomena of national use and wont may come to command such a degree of popular admiration as will incite to an aggressive or proselyting campaign.
The Roman Empire and the Holy Roman Empire bellied out further than those national unifications in the Nineteenth Century from which believers in a World State argue by analogy. Nevertheless, it is probably true that the real integration has increased regardless of the temporary inflation and deflation of empires. Such a real integration has undoubtedly occurred in American history.
Word Of The Day