Tothe Editor:
Thursday, December 1, 2022
In addition to my recent argument against the Fed raising interest rates that only serve to penalize working families and small business owners and for systemic economic reforms needed in America to reduce the big ticket living and operating expenses of families and small business owners that makes the rate of inflation itself pale in comparison are the following additional and long overdue inflation remedies: There is a need for a clean energy and domestic natural gas economy in the U.S. to substantially reduce the cost of living and the cost of operating a small business. The cost of investing in such clean energy economy in the U.S. could be quickly paid for in the short term by ending the huge annual funding of the free security of international oil companies in the Middle East by U.S. taxpayers (e.g., the $7 trillion cost of the needless Iraqi War II). Those annual savings would enable U.S. taxpayer investment in public research and development in areas that the private sector will not risk (e.g. pandemic vaccines, the internet, weather and communication satellites, clean and efficient energy production, and hydraulic fracturing and how to environmentally control its harmful elements and public education, especially pre-K education that is essential for a economically disadvantaged child’s later success in life.)