Letters, Nov. 12, 1979

Inflation Woes

To the Editors:

Inflation is, quite simply, the Federal Government's printing more worthless paper money to compensate for past and future worthless policy [Oct. 22]. It is a deep and worsening problem that will never be solved until every aspect of our society identifies and re-examines its own position. Then we must have the courage to change.

Fred A. DaBois Tennent, N.J.

Explain "overheating" to the construction or auto industries, which can't build homes or sell cars. I don't see retailers screaming about too many crowds in their stores. What is overheated are interest rates, and the Feds, the biggest borrowers in the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!