Editorial

As global oil prices somewhat ease as Europe’s economy overheats into recession , falling prices will eventually bring along another unfortunate aspect of the business cycle: the impact on labor markets. Inflation and unemployment are said to have an inverse relationship. When prices are generally rising, unemployment is usually falling, and when they start to fall, as in deflation, unemployment usually rises, the worst example being the 1930s and the Great Depression.

Dear Editor:

This week, Democrats just passed a massive expansion of government that will grow government, increase inflation, raise taxes, and unleash 87,000 Internal Revenue Service (IRS) agents on Americans. Even though Democrats have the slimmest of margins in Congress, and do not have a political mandate, they passed another piece of their radical agenda.