Perspectives

An institution few people think about but is the second most powerful in the world right next to the White House, is the United States Federal Reserve Bank. It has the power to regulate the amount of money, that is dollar dominated, that circulates around the world. Right now, it is creating money like a fire hydrant on full blast and inflation is heating up with unlimited money chasing limited choices for its use. The primary result is rapidly rising asset prices such as real estate and the stock market. This is wonderful for people, primarily those fairly well off, who already owned those type investments.

Do people today really have shorter attention spans?

Woodward Maurice Ritter was born on Jan. 11, 1905 deep in the piney woods of East Texas at a wide spot in the road called Murvaul.