In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 5 , 2012/ 12 Adar, 5772

Welcome back, Carter: Obama and Jimma becoming almost indistinguishable

By Jack Kelly

http://www.JewishWorldReview.com | As of Friday, the average price of regular gasoline was $3.74 a gallon. The Oil Price Information Service thinks it may rise to $4.25 a gallon by the end of April. That would exceed the all- time record of $4.11, set in July 2008.

But software entrepreneur Louis Woodhill thinks the price of gas would have to rise by 65 cents to 75 cents per gallon just to be "normal," he wrote in Forbes magazine Feb. 22.

"Gas prices aren't rising," agreed Fox News business analyst Neil Cavuto. "The dollar is falling." At least relative to the price of gold.

Mr. Woodhill illustrated this point by comparing how much gold is required to buy a barrel of West Texas Intermediate crude oil today, and for 41 years past. Currently, it takes 0.0602 ounces of gold to buy a barrel of "black gold."

"Today's WTI price (in gold) is only 82 percent of its average for the past 41 years," he said.

The amount of gold required to buy a barrel of oil hasn't changed much. But 41 years ago, you could buy an ounce of gold for $35, a barrel of WTI for $3.56, Mr. Woodhill noted.

The restrictions the Obama administration has imposed on drilling for oil in the Gulf of Mexico and on public lands has made the price of oil higher than it otherwise would be. So has the president's decision to cancel the Keystone XL pipeline. But it's the government's fiscal and monetary policies that are chiefly responsible for the oil price squeeze we're experiencing now.

The problem began in August 1971, when President Richard Nixon abrogated the 1944 Bretton Woods agreement, in which other nations pegged their currencies to the value of the dollar and the dollar was pegged to the price of gold.

To prevent a run on the gold in Fort Knox, Nixon terminated the convertibility of the dollar to gold. That made the dollar a "fiat" currency — its value floating against that of other currencies and backed only by the promises of the federal government.

Those promises haven't been worth much. Inflation happens when the supply of money in an economy increases more than the production of goods and services. Politicians like inflation because they like to spend more than the government receives in tax revenue. By "monetizing the debt," the government can obscure the size of deficits and repay them with cheaper dollars.

There are two steps. The government issues debt to finance its spending, and the central bank purchases the debt. The massive budget deficits racked up by the Obama administration, coupled with the artificially low interest rates imposed by the Federal Reserve Board and its policy of "quantitative easing," have increased the base money supply by about $1.45 trillion.

The risk of inflation is low, Federal Reserve Board Chairman Ben Bernanke told Congress last month. The Fed has set an annual inflation target of 2 percent, he said, and the rate is close to that.

The Consumer Price Index rose just 2.9 percent last year.

But a new index of everyday prices created by the American Institute for Economic Research — one that measures those 39 percent of goods purchased on a regular basis, such as groceries, beverages, fuel and electricity — increased by about 8 percent last year.

Steven Cunningham, director of research and education for AIER, wrote at Investors.com that the inflation rate could hit 15 percent by the end of next year, and it already may be too late for the Fed to stop it.

Last year, the money supply grew more than three times faster than the economy. But inflation was tamped down because banks weren't putting the extra dollars into circulation. Banks are lending more now, and the floodgates are opening.

"Banks are currently holding about 15 times more than the roughly $100 billion in reserves required by the Fed," wrote Mr. Cunningham. "No central bank has ever attempted to drain such massive excess from a banking system.

"An enormous wall of money has built up in the banking system. If it finds its way into the general economy at pre-recession rates, the United States is in for quite a ride."

When, during the 1970s, massive deficit spending was combined with an "easy money" policy, the result was stagflation, a concept hitherto unknown to economists.

President Ronald Reagan and Federal Reserve Board Chairman Paul Volcker ended stagflation by cutting taxes and regulations to stimulate growth in the private sector, slowing the rate of growth of federal spending and tightening monetary policy.

The Obama-Bernanke policies are precisely the opposite of the Reagan-Volcker policies, noted Joseph Svetlic in the American Thinker. "So now we have inflation coupled with low economic growth," he said. "Welcome back, Carter."

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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

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