Editorial March 24, 1980 Issue

Inflation and the question of productivity

NATHAN A. TALBOT

While inflation may seem like crab grass, spreading through economic soil of the industrial world, we can uproot this obnoxious weed. It won't grow unchecked when we exercise more intelligence in our personal, national, and international affairs.

Economists have various theories about curing inflation, many of which differ in emphasis or substance. But only when perceptive and intelligent action, backed by divine inspiration, is implemented by all sections of the economy will a more permanent solution be found for inflation. Can one individual realistically hope to make any difference? He surely can. He can, that is, if he is willing to tackle the whole issue as a metaphysical challenge.

Although some people recognize that inflation stems from a lack of wise and thoughtful action, most still see this economic ill simply in terms of its effects—rising prices. The problem is within material mentality, and merely denouncing the symptoms, clipping the grass on the surface, won't destroy the root system.

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