The Post-Journal      

  At Last, The Election Is Over

Local Commentaries

Nov 9, 2024

Rolland Kidder

It seems like eons ago when Joe Biden was still a candidate, and the election seemed over. After the June debate, it was clear that he could no longer articulate and lead a campaign for the Presidency.

Biden eventually stepped aside, and endorsed his Vice President, Kamala Harris, to be the nominee in his stead. After that, we again had an election going on in the country.

It has been an exhausting one. Just this past week, I read a news article full of advice from a psychiatrist as to how people should deal with election angst. Now, I expect that same person is providing advice as to how supporters of Harris should deal with post-election depression.

Yet, remember, fair and free elections are central to our democracy. The silver lining for every American is that we have just undertaken another one. Some may not like the result, but all should rejoice in the fact that we had an election…and a vigorous one at that.

My own view is that Harris acquitted herself well. In the time that she had, she was able to make a case for why she should be the next President.

There were two major things, out of her control, that I believe contributed to her defeat. First, she didn’t have a lot of time to organize and establish a campaign. President Biden waited too long, until just weeks before the Democratic Convention, before stepping aside.

The second strike against her was inflation. Though the economy is now humming along, people are still upset about inflation…especially the rise in food and housing prices. The party in power always gets blamed for that, as was the case this time around.

We must also not forget that she was also running against an incumbent. Donald Trump is a former President. He has his own way of campaigning and is effective at it.

An old Republican friend contacted me about a week before the election asking who I thought would win the election. Though I sided with Harris, my response to him was: “It is still Trump’s and for him to lose.” I had no scientific basis for making that statement, except for my “gut” reaction and years of experience watching and being involved in elected politics.

Despite my dislike of his divisive approach to politics and the way he demeans his opponents, you have to admit that Donald Trump is skillful in the public arena. As one columnist said: “He bonds with supporters in an intimate, spontaneous, confessional way, unlike typical politicians….”

Now, we must hope for the best. We have seen him in action before. What will now happen with Ukraine and the Middle East? Will he go after his political enemies? Maybe… and we can hope… he will want to leave a legacy of positive accomplishment for his final term as President of the United States. We want our Presidents to succeed, not fail.

The election is over. It was not “stolen” either this time or the last time. Harris has conceded and congratulated Mr. Trump. There will be a peaceful transition of power. The people have spoken. The decision has been made. Democracy has worked its way once again. We move on from here.

 

                                                        The Post-Journal

Being On Trump’s Mailing List

                                                                                        Oct 5, 2024

Rolland Kidder

 I just received my fourth mailing from former President Trump asking for money. This one included a certificate hoping I would join him in a new “Lyin’ Kamala Harris and Crooked Joe Biden Target List.”

This list would be “my badge of courage and honor” which I could frame, if I want to, and hang in a prominent place in my home. Of course, the name “Trump” is at the top of this list since he says that these two Democrats hate him, and “they hate you, too.”

“The Radicals, Socialists, Communists, and Globalists around them–are out to get me because I am fighting for you.” Etc. etc.

He then urged me to send a contribution suggesting nine different amounts ranging from $35 to $3,300, and signs it: “God Bless America, Donald J. Trump, 45th President of the United States.”

A couple of questions may arise in your mind. First, why would such a piece of hate/fear directed mail even be sent to me? The answer to that, I believe, is that I have been known to split my ticket when voting and, on occasion, have contributed to the campaigns of Republicans. Mr. Trump may have misconstrued that into my being a supporter of all Republicans, including him.

Perhaps this mailing list I am now on came from the fact that in the past I had supported our former Congressman, Amo Houghton, a stalwart Republican, who was a good friend and an exceptional Representative for the Southern Tier in the Congress.

If that is the case, I am sure that Amo must be “turning in his grave.” In my last conversation with him before he died, he was outraged that Donald Trump with his divisive rhetoric had taken control of the Republican Party… a political institution which Houghton loved and had been affiliated with for his whole life.

A second question may be: “When did the Democrats become “radicals, socialists and communists?” The answer is that they aren’t and never have been. These are just made-up words to stir up more disunity and fear.

The only other time in our history which compares to ours currently, in my view, was in the 1840’s and ‘50s. The Whig Party was taken over by fear mongers who were warning that immigrants, Catholics, Jews, foreigners, etc. were trying to take over the country. Whigs became known as the “Know Nothing Party,” and eventually disappeared from the face of our political landscape. A new party was born, the Republican Party, opposed to the extension of slavery into the new and expanding territories of the West. This Party, under Lincoln, fought a Civil War over the issue. After that, it developed its traditional conservative, pro-business policies as the nation expanded.

Can that Republican Party again find its roots? Can it again become a party advocating for smaller government, engagement in bi-partisan foreign policy (not isolationism,) and in advancing pro-business policies. Can it move away from demanding allegiance to only one person, and from the politics of vitriol, personal attacks and target lists?

In large measure, that is what this current election is all about.

And, if you are wondering whether or not I sent in any money to be on this special target list…the answer to that is “not one thin dime.”

 

                        The Post-Journal

    The Contest Is Now Joined

                                                                                    Sep 14, 2024

Rolland Kidder

I mentioned several weeks ago that Joe Biden, in the June debate, had shown that he was incapable of running again a national campaign for the Presidency. Mr. Biden eventually came to the same conclusion and removed himself from the race.

This week there was another debate, and it was clear, no matter whom you favored, that we now again have a viable campaign underway for this highest office in our land. The contest is now joined.

To be honest, it would be a stretch to actually call what we saw a “debate.” It was more a verbal boxing match than an in-depth analysis of issues facing the country. The country knew what to expect from former President Trump. What we didn’t know is how Vice President Harris would hold up under the pressure and scrutiny of it.

I think it is safe to say that, in that respect, she did just fine. She went “toe-to-toe” with the former President. She held her own and let him be himself.

Ever since the first televised Presidential debate between Richard Nixon and John F. Kennedy, it has become evident that these so-called “debates” are really more performance contests than anything else. Though issues were debated more thoughtfully in that first debate, the “winner,” so called, was deemed to be Mr. Kennedy because he looked sharper and more articulate in presenting his views. Mr. Nixon seemed to be tired and not as much at ease as Mr. Kennedy.

In other words, one candidate performed better than the other.

Another performance that I remember was that between President Reagan and former Vice President Mondale. The press and the pundits had been hyping the issue of President Reagan’s age, as compared to the younger Mr. Mondale. President Reagan put that down with one sentence, promising early in the debate that he “would not make Mr. Mondale’s age an issue in this election.” Everyone laughed and after that, Ronald Reagan cruised to re-election.

Nonetheless, what all of this points to is what I think is really an evident weakness in our political system. Every four years, we choose our Presidents from a very narrow field–usually, it comes down to only two people, as to who will lead our executive branch of government.

One advantage I see in other democracies–like most countries in Europe–is that the political leader of the country emerges after many years of serving in a parliament where they can be vetted and evaluated by their peers. In our country, you can come out of nowhere with a slogan and lot of money, with no political experience, and become President of the United States.

Yet, our system is what it is. The Constitution set it up this way, and so every four years we again go through these election campaigns. In order to “protect” the process and secure the support of the smaller states, the Constitutional Convention also set up the mechanism of the Electoral College. Though this seems archaic today and can allow a candidate with fewer popular votes win the Presidency– unless changed by constitutional amendment (which is not easy,) the Electoral College will likely be with us for many years to come.

So–the campaign has now begun with all the hoopla and political advertising that goes with it. Sit back and “enjoy” –or, at least, bear with it. It will be over in less than two months!

 

 

                                                    The Post-Journal

The Shoe Is On The Other Foot

                                                                                    Aug 17, 2024

Rolland Kidder

 This is an old saying that my father taught me. I am not sure there is a way to describe what it means, other than it conveys the idea that “things have changed” or “the situation is now reversed.”

However it is used, it seems to describe what has now happened in our national politics. The Republicans, who seemed to be unbeatable in the Presidential race after the disastrous showing of President Biden in the June debate–now seem to be scrambling to regain their traction after Biden’s announcement that he was dropping out of the race.

“The shoe is on the other foot.” Kamala Harris is now the Democratic nominee for President.

This does not mean that she will carry Chautauqua County. Our default politics around here are Republican. However, in “toss-up” areas of the country, she has brought new energy to the race and the Democrats now seem to have a fighting chance.

One change that I have noticed around here is that some Republicans have expressed worry and are now urging Donald Trump to talk about policy–the inference being that he tends to talk more about himself than about the issues facing the country.

My own view is that the election is still Mr. Trump’s to lose. He had a big “head of steam” going into this election, and the electorate is still concerned about inflation and the economy. That, automatically, puts those governing in potential jeopardy at the polls.

Yet, it is not beyond the realm of possibility, that Harris could pull this off and become the first woman ever elected to be President of the United States. That possibility scares the pants off some but is a point of great anticipation and rejoicing for others.

To be honest, I was hoping that Harris would name Governor Andy Beshear of Kentucky as her running mate. Yet, her decision to choose Governor Tim Walz still brings geographic and political balance to the ticket. Walz, aside from being a Governor, also has military experience, was a Congressman for 10 years, and coached high school football–all of which may have “tipped the scales” in his favor.

However the election turns out, it was good for the country that Joe Biden decided not to run for re-election. As I wrote in this column after the disastrous debate–because of obvious age-related issues, it was clear that he was no longer able to carry on an effective national campaign for the Presidency. Except for unanimously electing George Washington, we have always had a vigorous and articulated debate between at least two viable contenders for this highest office in our land.

Recently, friends from Germany were visiting, and it was revealing to get their European “take” on our Presidential elections. Germany, like virtually all countries in Europe, has a parliamentary form of government where the Prime Minister becomes leader only after many years of political experience as a legislator. In contrast, our campaigns for the Presidency seem, to them, more a personality contest than a discussion on matters of government.

However you view it, we are now right in the middle of another Presidential election. The people, through our electoral college system, will, in another three months, decide who will lead our nation over the next four years. That has been the American way for over 200 years.

                                                 The Post-Journal

     Remembering The Nixon-Kennedy                         Debate

JUL 6, 2024

ROLLAND KIDDER 

One advantage of being old is that you have a long memory. I still remember the first televised Presidential debate in 1960 between Richard Nixon and John F. Kennedy.

There were some policy issues debated like the United States’ reaction to Chinese bombardment of two small islands, Quemoy and Matsu, off the coast of China. Should the United States go to war to protect these islands controlled by the Chinese Nationalist Government on Taiwan? There were also exchanges as to the economy and the general direction of the country at that time.

But, what was concluded from that first TV debate had nothing to do with the substance of the debate–it was that John F. Kennedy had more energy in the debate and Vice President Nixon looked tired and haggard. Commentaries afterward did not focus on the issues debated but on how the candidates looked and spoke. The general consensus was that Senator Kennedy had won that debate.

Fast forward to June 27, 2024, and a similar conclusion was rendered. People will not remember the issues that were discussed in the Presidential debate or of how many lies and distortions were voiced. They will remember that Donald Trump was “on top of his game,” was on the attack–and President Biden spoke softly, often mumbling his responses. It was not a good night for Joe Biden.

The independent voter, generally, after the debate, and wishing for a better result, was probably asking: “Why didn’t the Democrats come up with a younger, more energetic candidate?”

The answer to that, of course, is because of the power of the Presidency. It is almost impossible in our political system for a national political party to oppose its incumbent President. We have also seen how the “power of incumbency” is even hard to battle if the candidate is a once-defeated President. Nikki Haley, Ron DeSantis and a host of other Republicans found it impossible to dislodge Donald Trump.

What now can the Democrats do? Unfortunately, because of the political primary election system, the delegates to the Democratic Convention are locked into supporting the candidate they supported in the primary – Joe Biden. The only way that they could really desert him is if he releases them and allows for an “open convention.”

In short, we are captive of a system in choosing our Presidents which puts us in a political straitjacket. The old days of open conventions where candidates were chosen freely by the delegates is no more. Primary elections have displaced the discretion and candidate selection process of the old convention days.

As of this writing, the Republicans, or at least the MAGA Republicans, are having an early victory lap. It is still a long time until November, but Joe Biden and Donald Trump won’t change much over that time. If the election were held today, Donald Trump would likely be elected the next President of the United States.

The best hope for Democrats is that Joe Biden, for the good of the country and for the sake of his party, leaves the race and allows the Democratic Convention nominate a candidate from a younger generation.

(Rolland Kidder is a former New York state Assemblyman and was a Delegate to the Democratic National Convention in 1980 and 1992.)

 

                                         The Post-Journal

    Who’s Gonna Fill Their Shoes?

LOCAL COMMENTARIES

JUN 15, 2024

ROLLAND KIDDER

There is a wonderful country song sung by George Jones which is about great country singers who have now passed or someday will. To give you a taste of it, here are four lines:

“Who’s gonna fill their shoes?

Who’s gonna stand that tall?

Who’s gonna play the Opry

And the Wabash cannonball?

The answer, of course, is that no one can likely fill their shoes. Country singers are one of a kind. However, there is a subtheme, I believe, in the song, and that is that transitions are coming for all of us, either in life or in death. We cannot stop them. The question then is: How do we prepare for them? Who’s gonna fill our shoes?

As to dying, the answer is pretty clear — you should have a will. Even if your estate is small, it is not fair to have your heirs squabble over matters you could have addressed in a will making your intentions known.

Probably, more important, is the making of proper transitions while you are alive. For example, if you are changing jobs — make it easy for yourself, your family, your employer, and fellow employees by planning ahead for it. The same goes for politics. If you hold an elective office, you should let people know in advance if you not going to run again — so that they have an opportunity to choose a successor.

However, I think the most important transition is for those who own businesses, because transitions there can affect the livelihood of many as well as impact family dynamics.

I knew a man who was the owner of a very successful family business employing hundreds of people. Yet, his “Achilles heel” became evident when he tried to pass the business down to his three children – none of whom were either interested in or capable of running the business. It ended up in bankruptcy.

On the other hand, I have another friend who had a family business with three children who wanted to be a part of it. He worked out a transition where all three children eventually had businesses of their own, including keeping the existing family business going. That is what you call good transition planning.

Sometimes there is no family transition possible, so other arrangements need to be made. In that regard, it was good to see in the newspaper recently where two local businesses were sold to employees, financed in part by assistance from our local Industrial Development Agency (IDA.) To me, that is exactly the kind of activity the IDA should be involved with – retaining local jobs by helping with a business transition.

So, the moral of the story is that whether we like it or believe it — transitions in life and death are coming, are inevitable and should be planned for. Enabling someone else to “wear those shoes” is important.

Yet, George Jones has a point — some country singers are so good that I don’t think their “shoes” will ever be filled. Certainly, for sure, there will never be another Johnny Cash… who, on one unforgettable day, before an audience of inmates, sang the “Folsom Prison Blues” at Folsom Prison.

 

 

 

    A Jury Judges A Former President

                                                                                        JUN 8, 2024

ROLLAND KIDDER

For the first time in our history, a 12-person jury of one’s peers unanimously found a former President guilty of a felony after applying the highest level of proof in our judicial system… “guilt beyond a reasonable doubt.”

There are really two stories here — that of our judicial system and that of Donald Trump.

Trump’s story has been quite consistent — he has never done anything wrong, all of the court cases he is now a defendant in are “witch-hunts” perpetrated by Democrats, he is a victim of political intrigue against him, etc., etc.

What he doesn’t say is that all of the civil actions, indictments, and now a felony conviction are related, primarily, to one common thing — his own behavior.

I can think of no other politician in our history, President or former President, who has brought so much litigation upon himself.

These charges and convictions have all come from things that he did or tried to cover-up. Some are civil matters where large money damages were awarded to a woman he assaulted. Other actions deal with criminal charges associated with the way then President Trump treated classified documents, fired up a crowd to attack the Capitol, or in making phone calls to Georgia officials to try to change election results.

In all cases, the cause of his problems has been his own behavior. It wasn’t something foisted upon him, yet, he calls himself the “victim.”

The jury story coming out of last week’s conviction is, for me, a compelling one.

De Tocqueville, when he visited our country in the 1830s, was taken by the fact that in most frontier towns, the first public building constructed was a courthouse. One of the first things that Americans did in moving West, was to put up a building where citizens could litigate their differences and where the rule of law could be applied.

As to the criminal law, it is framed to favor the defendant whose freedom is at stake. In a criminal trial, the burden is upon the government to make its case, a unanimous decision is required for conviction, and the rules of evidence generally favor the defendant.

I remember also, when in law school, studying the manner in which the jury system was developed under British common law. A juror was described as a “man on the Clapham bus,” that is, an ordinary or reasonable person, not a person of power or prestige. It is such common people picked from a random pool of potential jurors who make up a jury. Serving as a juror, to those so chosen, is a civic obligation, and they take it seriously.

Twelve people from the “Clapham bus,” from various occupations, ethnic backgrounds, consisting of 7 men and 5 women found unanimously, beyond a “reasonable doubt,” that Donald Trump was guilty. After listening to 5 weeks of testimony, the verdict was returned within two days on all 34 counts.

That is good enough for me. The jury listened, evaluated and decided. That is the American way. Of course, how it plays out in the election is still an unknown.

Nevertheless, it was good to see that the rule of law applies to everyone in this country, including Presidents. However, it is sad that the country has to go through all of this. It is not an uplifting time in our history.

 

                                                   The Post-Journal

  Thirty Years With The National             World War II Memorial

LOCAL COMMENTARIES

JUN 1, 2024

ROLLAND KIDDER

 This past Memorial Day weekend in Washington, D.C., we commemorated the 20th year of the dedication of the National World War II Memorial. It was a special time. For me, it had all started in 1994, thirty years ago, when I had been first appointed by the President to the commission responsible for its creation and then became a member of the World War II Memorial Site and Design Committee.

There was one major “player” who wasn’t there that weekend, the chairman of that committee, Ambassador F. Haydn Williams, now deceased. Though he guided the design process, likely his greatest contribution was in finding, recommending and then working to have the site approved by the “powers that be” in Washington.

We had spent a rainy afternoon in January, 1995 visiting various proposed sites for the Memorial from a list which had been recommended by the Commission of Fine Arts of the United States (CFA.) At the end of that tour, we walked past the old Rainbow Pool, then in need of repair, at the end the Reflecting Pool. Willams stopped us there, a site that was not on that list, looked up at the Lincoln Memorial to the west, and the Washington Monument to the east and said: “This is where we should build the World War II Memorial. The Second World War was the most significant event for America in the Twentieth Century. It should be here, on the axis of the Mall, between Lincoln and Washington.”

It was the first I had heard of his vision for the site, and he never wavered from it. By July of that year, he had convinced the President of the CFA, J. Carter Brown, that the Rainbow Pool site should be considered. In September of that year, it was approved. In November, President Clinton, in a ceremony at the location, dedicated the site…and soon thereafter we commenced a national competition to select an architect to design the Memorial.

Ambassador Williams, during those days, spoke of the National Mall as “America’s Village Green.” In pursuing the approvals necessary to have this special site for the Memorial, he would say: “We are not looking to memorialize hubris or vainglory. We want to build something that will capture the American spirit of unity and common purpose at that time, and to also find a way to remember those who didn’t make it home, to bring them back to America’s Village Green.”

If he were alive today, Haydn Williams would be pleased with what the Memorial has become. Over 80 million have visited here since its dedication. It has become a place to gather and remember what a Nation can do when it is united in a just and common cause.

When you visit a World War II American Military Cemetery overseas, like the one at Normandy, you are overcome by a sense of common purpose and sacrifice. The thousands of marble crosses and stars of David that mark the graves are of the same size. One is not more important than the others. Generals are buried next to the lowliest Private. Rank doesn’t matter in those cemeteries.

You get the same sense of common purpose and sacrifice at the World War II Memorial . There are 56 granite pillars representing the states and territories of that time. Yet, the most populous state at the time, New York, has no larger pillar than American Samoa, probably the smallest territory. They all contributed, they were all working together. A huge, intertwined bronze rope visually connects and brings the pillars together.

The 4,000 stars on the freedom wall are separate and distinct, yet, they receive their power because they are together, each representing 100 of the 400,000 Americans who died in the war.

As you enter the Memorial from the granite arches on either north or south, positioned above you is a large, bronze victory laurel. The laurels are held there, not by rifles or bayonets, but by four sculpted American eagles with 12 ft. wingspans sitting atop beautiful bronze columns. They symbolize the American spirit from a united people that won that war.

If you haven’t as yet visited this special place, you should try to go. You will come home feeling more connected to your history and with a greater appreciation of what it means to be an American.

 

 

                The Post-Journal

   Where Have All the Workers Gone?

                                                                                    MAY 25, 2024

ROLLAND KIDDER

Recently, in discussing our local economy, a person versed in that subject told me that “all businesses in the area are facing a declining labor force. They just can’t find people to hire.”

In asking around with a few business people that I know, this was confirmed. Then it struck me how now, in many places, you see signs that say “We Are Hiring!” It doesn’t seem to be just a problem for manufacturing — you see such signs in front of factories, fast-food outlets and also from those in the healthcare field.

Thus, it was with interest that I read an article in the Wall Street Journal a couple of weeks ago which had the headline: “Suddenly There Aren’t Enough Babies. The Whole World is Alarmed.” The sub-headline read: “Birth rates are falling fast across countries, with economic, social and political consequences.”

Statistics world-wide indicate that this is a growing problem almost everywhere. Statisticians estimate that the fertility rate (the average number of children that are born to a woman) needs to be 2.2 to just stay even with population growth. The United States now has a rate of 1.62…the “lowest on record.” The fertility rate in Japan is 1.26. Even China and India are falling behind.

There is no single answer as to why this is happening, but one researcher said that as economic conditions improve in a culture, people “have a preference for spending time building a career, on leisure, relationships outside the home, that are more likely to come in conflict with childbearing.”

That, to me, describes a bit of what is happening in our family. My kids mostly were married in their mid-twenties and soon thereafter started having children. However, most of our older grandchildren, who are either married or in solid relationships, may well not have kids until they are in their 30s. They are enjoying their lives and their careers.

What this all means, of course, is that school enrollments are declining. Fewer kids means fewer students. In checking state records on my old alma mater, Jamestown High School, the graduating senior class has dropped about 15% in enrollment over the past 20 years. At Southwestern it is down more like 30%.

That means not only that there are fewer kids going into college (think enrollment declines at JCC and SUNY Fredonia,) it also means that there are fewer of them available to fill the factory jobs and employment needs of our community.

There is really no easy answer to any of this except to keep working to be sure that there are good, well-paying jobs around so that future generations can fill them and keep our community here going.

Throughout my lifetime, Western New York has always struggled to maintain a strong labor force and job market. Yet, even on a national basis, since 2020, though jobs have grown by 3.8% the labor pool has only grown by 1.8% – so, what we have is really a national problem.

For a rural county, we still have a strong and diverse economy. Just think of the various companies and institutions that employ people here. But, right now, there are more job openings than there are people to fill them.

 

 

            The Post-Journal  

The Cursed Reality Of Inflation

                                                                                    APR 27, 2024

ROLLAND KIDDER

 

A reader of this column sent me a letter asking my views on this subject. Though not an expert on inflation, I do have my opinions about it.

My father likely had a great influence on me in regard to this issue. He believed that inflation was the bane of all and an enemy especially of the prudent saver. “The money you save will depreciate in value,” he would say. He was especially suspect of life insurance that would pay out a designated dollar amount: “The dollars you put in won’t be as valuable as the dollars that are finally paid out to your heirs.”

He hated inflation and it was one of the reasons, I believe, that led him to begin, in a small way, investing in stocks. As a dairy farmer, everything he earned on the farm went back into the farm. However, if non-farm income was realized – like the proceeds of the sale of a parcel of land – he would, after much research, invest that in stocks as a way to try to offset the impact of inflation. (This was back in the days before mutual funds, IRA’s or the 401(k).

He would not invest in very small or untested companies. He would look at companies that had a track record, evaluate their earnings, their price/earnings ratios, their debt…before making his decisions. He called it “value” investing. He would check regularly through reading Barron’s or some other investment publication on whether or not these companies were continuing to follow a prudent business plan.

He couldn’t control the price of milk (which usually never kept up with inflation,) nor with the cost of farm machinery which always kept rising at least, if not faster than the rise in inflation. So, he did what he could with these stock investments to try and offset the deteriorating value of money – which to him defined inflation.

There are a lot of causes for inflation–federal deficit spending, increasing wage rates, the cost of food, housing, energy, etc. But, what my Dad finally came to conclude was that inflation, no matter the cause, was a curse that would always be around and was something he couldn’t control.

Fortunately, we live in a country where at least one major economic player continues to try to tamp down inflation – and that is the Federal Reserve Bank. Though its primary means of doing so is setting the cost of short-term money loaned to banks, this interest rate lever has worked over the years to dampen inflationary pressures. As a result, the United States, despite its bloated debt and deficit spending, continues to be a country where, at least, there is a target of trying to keep inflation at or below 3% per year.

We are the envy of some third world countries whose inflation rates can reach 50% or even 100% a year.

I remember taking my first economics course in college. My Dad, who only had one-semester of college before needing to return home to run the farm, would quiz me regularly about what I was learning. But, in truth, I think he knew more about economics and, especially, inflation than I did. He experienced it every day in running the dairy farm.

So, to the reader who sent me the letter, here is my answer: I am still not an expert at knowing or understanding all that there is to know about inflation. However, my Dad was right – it is a curse that will always be with us, and the only way we can offset it is by the old-fashioned way of trying to increase our income, reduce our expenses, and then invest prudently to try to offset its effects.

Rolland Kidder is a Stow resident and a former New York state Assembly member.