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
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
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 →
From The Historian’s History of the World (In 25 Volumes) by Henry Smith William L.L.D. – Vol. XVI.(Scandinavia) Pg. 308-310
The northern part of the Scandinavian peninsula, as already noticed, had been peopled from the remotest times by nomadic tribes called Finns or Cwenas by the Norwegians and Lapps [...] 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 →
The following is taken verbatim from a document that appeared several years ago in the Maine State Archives. It seems to have been removed from their website. I happened to have made a physical copy of it at the time I was looking into the preservation of leather book bindings back in 2006.
Add the following ingredients to a four or six quart crock pot, salt & pepper to taste keeping in mind that salt pork is just that, cover with water and cook on high till it boils, then cut back to low for four or five hours. A slow cooker works well, I [...] 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 →
DECORATED or “sumptuous” furniture is not merely furniture that is expensive to buy, but that which has been elaborated with much thought, knowledge, and skill. Such furniture cannot be cheap, certainly, but the real cost of it is sometimes borne by the artist who produces rather than by the man who may [...] Read more →
“The Leda, in the Colonna palace, by Correggio, is dead-coloured white and black, with ultramarine in the shadow ; and over that is scumbled, thinly and smooth, a warmer tint,—I believe caput mortuum. The lights are mellow ; the shadows blueish, but mellow. The picture is painted on [...] Read more →
Click here to access the world’s most powerful Import/Export Research Database on the Planet. With this search engine one is able to access U.S. Customs and other government data showing suppliers for any type of company in the United States.
The Specialist as a member of a stock exchange has two functions.’ He must execute orders which other members of an exchange may leave with him when the current market price is away from the price of the orders. By executing these orders on behalf [...] 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 →
THE transient tenure that most of us have in our dwellings, and the absorbing nature of the struggle that most of us have to make to win the necessary provisions of life, prevent our encouraging the manufacture of well-wrought furniture.
We mean to outgrow our houses—our lease expires after [...] Read more →
Four Seasons fill the measure of the year; There are four seasons in the mind of man: He has his lusty spring, when fancy clear Takes in all beauty with an easy span; He has his Summer, when luxuriously Spring’s honied cud of youthful thoughts he loves To ruminate, and by such dreaming high [...] Read more →
Linseed oil is readily available in many oil painters’ studios. Yardley London Shea Butter Soap can be purchased from a dollar store or pound shop on the cheap. These two ingredients make for the basis of an excellent cleaning system for cleaning oil painting brushes.
Take the large blue figs when pretty ripe, and steep them in white wine, having made some slits in them, that they may swell and gather in the substance of the wine.
Then slice some other figs and let them simmer over a fire in water until they are reduced [...] 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 →
China has more ducks than any other country in the world. For this reason the Chinese have found interesting ways of converting the fowl into many palatable dishes. The duck used is the kind that dwells in marshes. The Muscovy duck is not a native of China and is called foreign duck.
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.
From A History of Fowling, Being an Account of the Many Curios Devices by Which Wild Birds are, or Have Been, Capured in Different Part of the World by Rev. H.A. MacPherson, M.A.
THE RAVEN (Corvus corax) is generally accredited with a large endowment of mother wit. Its warning [...] Read more →
Gonville & Caius College, known as Caius and pronounced keys was founded in 1348 by Edmund Gonville, the Rector of Terrington St Clement in Norfolk. The first name was thus Goville Hall and it was dedicated to the Annunciation of the Blessed Virgin Mary. Caius College, along with Pembroke, Corpus Christi, and [...] Read more →
Toxicity of Rhododendron From Countrysideinfo.co.UK
“Potentially toxic chemicals, particularly ‘free’ phenols, and diterpenes, occur in significant quantities in the tissues of plants of Rhododendron species. Diterpenes, known as grayanotoxins, occur in the leaves, flowers and nectar of Rhododendrons. These differ from species to species. Not all species produce them, although Rhododendron ponticum [...] Read more →
Tuna fish being weighed on quay-side in Greece – Photo by Tom Oates
No two commercial tuna salads are prepared by exactly the same formula, but they do not show the wide variety characteristic of herring salad. The recipe given here is typical. It is offered, however, only as a guide. The [...] Read more →
What follows is a chapter from Nathaniel Bagshaw Ward’s 1852 treatise on terrarium gardening.
ON THE NATURAL CONDITIONS OF PLANTS.
To enter into any lengthened detail on the all-important subject of the Natural Conditions of Plants would occupy far too much space; yet to pass it by [...] Read more →
Buying a book for a serious collector with refined tastes can be a daunting task.
However, there is one company that publishes some of the finest reproduction books in the world, books that most collectors wouldn’t mind having in their collection no matter their general preference or specialty.
Exhaust blackened dirty snow Bleak City cold winter sting Cars in ditches Tire chains and rock salt Doughnut shop at four am Factory whistle blows at five Hot coffee on the dashboard Eyes on the road Front wheel drive Cadillac I’ll make it on time
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 →
Have you ever wondered just how a Franklin Library Book is put together?
Franklin Library, a division of the Franklin Mint, as many a book collector can attest, was considered the equivalent of the Cadillac division of GM in the modern 20th Century book market. They put out [...] Read more →
Audubon started to develop a special technique for drawing birds in 1806 a Miill Grove, Pennsylvania. He perfected it during the long river trip from Cincinnati to New Orleans and in New Orleans, 1821.
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 →
Effective 01 August, 2013, the U. S. Coast Guard terminated its radio guard of the international voice distress, safety and calling frequency 2182 kHz and the international digital selective calling (DSC) distress and safety frequency 2187.5 kHz. Additionally, marine information and weather broadcasts transmitted [...] 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 →
This dish is a favorite in Northern Europe, from the British Isles to Sweden.
Clean and skin the eels and cut them into pieces about 3/4-inch thick. Wash and drain the pieces, then dredge in fine salt and allow to stand from 30 minutes to 1 hour. Rinse off the [...] Read more →
For years in the West African nation of Ghana medicine men have used a root and leaves from a plant called nibima(Cryptolepis sanguinolenta) to kill the Plasmodium parasite transmitted through a female mosquito’s bite that is the root cause of malaria. A thousand miles away in India, a similar(same) plant [...] Read more →
For the somewhat startling suggestion in the heading of this interview, the missionary interviewed is in no way responsible. The credit of it, or, if you like, the discredit, belongs entirely to the editor of the Review, who, without dogmatism, wishes to pose the question as [...] 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 →
Modern slow cookers come in all sizes and colors with various bells and whistles, including timers and shut off mechanisms. They also come with a serious design flaw, that being the lack of a proper domed lid.
The first photo below depicts a popular model Crock-Pot® sold far and wide [...] Read more →
Ripping up and replacing a tiled floor is a daunting and expensive task, especially should one live in a fully furnished house full of antique furniture. An alternative is to hand paint the tiles which can save thousands of dollars in furniture removal, storage expenses and labor costs. Let’s not [...] 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 →
