Inflation Economics: Some Useful Historical Data For The American Consumer
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more pain to come.
The data listed in the tables and charts below should be useful to anyone wishing to get a better grip on their finances in order to weather the inflationary storm over the next few years. Yes, years, not days, not months.
Pay close attention to the transition years between the Carter Administration and the Reagan Administration(1976-1984). Inflation decreased during the Reagan Administration. Thus, as the data indicates, changes in economic policy decisions take time to fully kick in.
Year, Inflation Rate, Fed Funds Rate, Business Cycle, Events
New York is well known for hotdogs, the Empire State Building, the Ponzi Scheme, and the Brooklyn Bridge among its many claims to fame. However, contrary to popular belief, DJ vinyl scratching is not one of them. Caveat; Most New Yorkers in fact believe the phenomena originated there.
When one thinks of the English countryside or rural France replete with rambling country house estates and fairly tale chateaus sitting alongside grand chapels and country church spires, one might imagine a realm of manners, neighborly love, and country gentlemen. However, history informs us [...] Read more →
Verum usque in præsentem diem multa garriunt inter se Canonici de abscondito quodam istius Abbatis Thomæ thesauro, quem sæpe, quanquam adhuc incassum, quæsiverunt Steinfeldenses. Ipsum enim Thomam adhuc florida in ætate existentem ingentem auri massam circa monasterium defodisse perhibent; de quo multoties interrogatus ubi esset, cum risu respondere solitus erat: “Job, [...] Read more →
On the decline of the Roman power, about five centuries after Christ, the countries of Northern Europe were left almost destitute of a national government. Numerous chiefs, more or less powerful, held local sway, as far as each [...] Read more →
It has been said by a thoughtful writer that the subject of witchcraft has hardly received that place which it deserves in the history of opinions. There has been, of course, a reason for this neglect—the fact that the belief in witchcraft is no longer [...] Read more →
Are you dissatisfied with the Savings Account and CD Interest Rates your bank currently has on offer?
If so, go to https://www.treasurydirect.gov and open an account. The U.S. Government’s iBonds are currently earning 9.62% interest through October of this year.
Individuals may purchase $10,000 worth of iBonds per [...] Read more →
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more [...] Read more →
FEDERAL TRADE COMMISSION16 CFR Part 23Guides for the Jewelry, PreciousMetals, and Pewter Industries
The US Government has laws guiding the business practices of the Jewelry and Precious Metals Industries. If you are unclear as a seller as to your obligations under the law as related to any [...] Read more →
Prisons as places of detention are very ancient institutions. As soon as men had learned the way to build, in stone, as in Egypt, or with bricks, as in Mesopotamia, when kings had many-towered fortresses, and the great barons castles [...] Read more →
Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Harvey Wiley, Chief Chemist of the Department of Agriculture’s Division of Chemistry (third from the right) with his staff, not long after he joined the division in 1883. Wiley’s scientific expertise and political skills were a key to passage of the 1906 Food and Drugs Act and the creation of the FDA.
“Saint John’s Gate, Clerkenwell, the main gateway to the Priory of Saint John of Jerusalem,” black and white photograph by the British photographer Henry Dixon, 1880. The church was founded in the 12th century by Jordan de Briset, a Norman knight. Prior Docwra completed the gatehouse shown in this photograph in 1504. The gateway [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
Resolution adapted at the New Orleans Convention of the American Institute of Banking, October 9, 1919:
“Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation [...] Read more →
Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko
The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
By the death of Mr. Scarth on the 5th of April, at Tangier, where he had gone for his health’s sake, the familiar form of an old and much valued Member of the Institute has passed away. Harry Mengden Scarth was bron at Staindrop in Durham, [...] Read more →
A Lecture Delivered at the Guildhall, March 2, 1853 by Rev. H.M. Scarth, M.A., Rector of Bathwick.
To understand the ancient history of the country in which we live, to know something of the arts and manners of the people who have preceded us, to ascertain what we owe to [...] Read more →
Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874.
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
The Hunt Saboteur is a national disgrace barking out loud, black mask on her face get those dogs off, get them off she did yell until a swift kick from me mare her voice it did quell and sent the Hunt Saboteur scurrying up vale to the full cry of hounds drowning out her [...] Read more →
A terrestial globe on which the tracts and discoveries are laid down from the accurate observations made by Capts Cook, Furneux, Phipps, published 1782 / globe by John Newton ; cartography by William Palmer, held by the State Library of New South Wales
The British Library, using sophisticated filming equipment and software, [...] Read more →
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more [...] Read more →
Slice 5 pounds lean beef (flank steak or similar cut) into strips 1/8 to 1/4 inch thick, 1 to 2 inches wide, and 4 to 12 inches long. Cut with grain of meat; remove the fat. Lay out in a single layer on a smooth clean surface [...] Read more →
Reprint from the Sportsman Cabinet and Town & Country Magazine, Vol.1, Number 1, November 1832.
MR. Editor,
Will you allow me to inquire, through the medium of your pages, the correct meaning of the term thorough-bred fox-hound? I am very well aware, that the expression is in common [...] Read more →
Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
Artisans world-wide spend a fortune on commercial brand oil-based gold leaf sizing. The most popular brands include Luco, Dux, and L.A. Gold Leaf. Pricing for quart size containers range from $35 to $55 depending upon retailer pricing.
Fast drying sizing sets up in 2-4 hours depending upon environmental conditions, humidity [...] Read more →
3-4 Young Squirrels, dressed and cleaned 1 tsp. Morton Salt or to taste 1 tsp. McCormick Black Pepper or to taste 1 Cup Martha White All Purpose Flour 1 Cup Hog Lard – Preferably fresh from hog killing, or barbecue table
Felix Weihs de Weldon, age 96, died broke in the year 2003 after successive bankruptcies and accumulating $4 million dollars worth of debt. Most of the debt was related to the high cost of love for a wife living with Alzheimer’s. Health care [...] Read more →
Quite possibly, the most agonizing decision being made by Baby Boomers across the nation these days is what to do with all that vintage Hi-fi equipment and boxes full of classic rock and roll cassettes and 8-Tracks.
I faced this dilemma head-on this past summer as I definitely wanted in [...] Read more →
Gathering the Fruit Picking the Fruit Bruising the Fruit Vatting the Fruit Vinous Fermentation Drawing the Must Pressing the Must Casking the Must Spirituous Fermentation Racking the Wine Bottling and Corking the Wine Drinking the Wine
GATHERING THE FRUIT.
It is of considerable consequence [...] Read more →
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
The Effect of Magnetic Fields on Wound Healing Experimental Study and Review of the Literature
Steven L. Henry, MD, Matthew J. Concannon, MD, and Gloria J. Yee, MD Division of Plastic Surgery, University of Missouri Hospital & Clinics, Columbia, MO Published July 25, 2008
Verum usque in præsentem diem multa garriunt inter se Canonici de abscondito quodam istius Abbatis Thomæ thesauro, quem sæpe, quanquam adhuc incassum, quæsiverunt Steinfeldenses. Ipsum enim Thomam adhuc florida in ætate existentem ingentem auri massam circa monasterium defodisse perhibent; de quo multoties interrogatus ubi esset, cum risu respondere solitus erat: “Job, [...] Read more →
This beautifully illustrated New Testament based on the 1611 KJV Bible is published in Limited Edition of 500 Copies World Wide. Included at the end of the text is an unabridged copy of Albert J. Edmunds 1917 classic work, The Oldest Resurrection Documents. Edmunds’ book on the Resurrection utilized source [...] Read more →
From How to Make Money; and How to Keep it, Or, Capital and Labor based on the works of Thomas A. Davies Revised & Rewritten with Additions by Henry A. Ford A.M. – 1884
CHAPTER XXVI BANKING AND INSURANCE.
I wish I could write all across the sky, [...] Read more →
Como dome facade – Pliny the Elder – Photo by Wolfgang Sauber
Work in Progress…
THE VARNISHES.
Every substance may be considered as a varnish, which, when applied to the surface of a solid body, gives it a permanent lustre. Drying oil, thickened by exposure to the sun’s heat or [...] Read more →
As New is self-explanatory. It means that the book is in the state that it should have been in when it left the publisher. This is the equivalent of Mint condition in numismatics. Fine (F or FN) is As New but allowing for the normal effects of [...] Read more →
PAINTER-WORK, in the building trade. When work is painted one or both of two distinct ends is achieved, namely the preservation and the coloration of the material painted. The compounds used for painting—taking the word as meaning a thin protective or decorative coat—are very numerous, including oil-paint of many kinds, distemper, whitewash, [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
DISTILLING TURPENTINE One of the Most Important Industries of the State of Georgia Injuring the Magnificent Trees Spirits, Resin, Tar, Pitch, and Crude Turpentine all from the Long Leaved Pine – “Naval Stores” So Called.
Dublin, Ga., May 8. – One of the most important industries [...] Read more →
Over the years I have observed a decline in manners amongst young men as a general principle and though there is not one particular thing that may be asserted as the causal reason for this, one might speculate…
Self-awareness and being aware of one’s surroundings in social interactions [...] Read more →
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
Aw, the good old days, meet in the coffee shop with a few friends, click open the Zippo, inhale a glorious nosegay of lighter fluid, fresh roasted coffee and a Chesterfield cigarette….
A Meta-analysis of Coffee Drinking, Cigarette Smoking, and the Risk of Parkinson’s Disease
The following recipes are from a small booklet entitled 500 Delicious Salads that was published for the Culinary Arts Institute in 1940 by Consolidated Book Publishers, Inc. 153 N. Michigan Ave., Chicago, Ill.
If you have been looking for a way to lighten up your salads and be free of [...] Read more →
I once met a chap, hailed from Harvard said where’d ye attend school, this here is starboard On his diploma was a bit more yellow Than that on the belly of his scholarly fellows His hat was a good half inch taller Than his lapels which were narrowly smaller So I yanked him up [...] Read more →
The Hunt Saboteur is a national disgrace barking out loud, black mask on her face get those dogs off, get them off she did yell until a swift kick from me mare her voice it did quell and sent the Hunt Saboteur scurrying up vale to the full cry of hounds drowning out her [...] Read more →
If you’re looking for that most refreshing of summertime beverages for sipping out on the back patio or perhaps as a last drink before walking the plank, let me recommend my Blunderbuss Mai Tai. I picked up the basics to this recipe over thirty years ago when holed up in [...] Read more →
I swapped a parakeet for a red-headed Macaw That drank my rum and called me paw I’d rock in my chair, she’d swing on her perch When the preacher came around she’d pretend it was church
On Saturday mornings when we drove into town She’d ride on the back of my blue-tick hound Howling [...] Read more →
THE FOWLING PIECE, from the Shooter’s Guide by B. Thomas – 1811.
I AM perfectly aware that a large volume might be written on this subject; but, as my intention is to give only such information and instruction as is necessary for the sportsman, I shall forbear introducing any extraneous [...] Read more →
When fresh, the eyes should be clear and not sunken, the feet limp and pliable, stiff dry feet being a sure indication that the bird has not been recently killed; the flesh should be firm and thick and if the bird is plucked there should be no [...] Read more →
St. Valentine kneeling in supplication – 1677 by David Teniers III
There is nothing more delightful than a great poetry reading to warm ones heart on a cold winter night fireside. Today is one of the coldest Valentine’s days on record, thus, nothing could be better than listening to [...] Read more →
Formerly vinegar was prepared on the farm to a greater extent than now. The introduction of laws for the control of the sale of vinegar, altho intended to help the honest manufacturer, has discouraged the preparation of vinegar for sale in a small way, not because it is difficult to meet the requirements [...] Read more →
Add 3 quarts clover blossoms* to 4 quarts of boiling water removed from heat at point of boil. Let stand for three days. At the end of the third day, drain the juice into another container leaving the blossoms. Add three quarts of fresh water and the peel of one lemon to the blossoms [...] Read more →
THE VALUE OF EVEN TEMPER IN ATHLETICS—SOME OF THE FEATS THAT REQUIRE GOOD NATURE
In the writer’s opinion it becomes necessary to make at this point some suggestions relative to a very important part of the training in jiu-jitsu. Good nature is as essential [...] Read more →
