Public Administration for a New Season: Reflecting on Neglected Rural Concerns
Published date | 01 July 2022 |
Author | Jeremy L. Hall |
Date | 01 July 2022 |
DOI | http://doi.org/10.1111/puar.13536 |
Public Administration for a New Season: Reflecting on Neglected Rural Concerns 613
We suffer from the longest and one of the worst
sustained inflations in our national history. It
distorts our economic decisions, penalizes thrift,
and crushes the struggling young and fixed-
income elderly alike.
—Ronald Reagan, January 20, 1981
Challenges and conflicts dominate the media
and social media. Just as COVID-19 begins
to wane, rumors stir of a new variant closing
something down somewhere across the globe. Then
we receive word of a worrisome Monkeypox outbreak
that is already global in its reach. A fresh wave of
gun violence has resurrected the conflict over the
second Amendment to the U.S. Constitution, which
guarantees the right to keep and bear arms. This has
ignited a firestorm of political jockeying around gun
policy, mental health policy, school security, and
even police funding (or defunding). But, of course,
the elephant in the room today is inflation, fueled in
part by the war in Ukraine, post-pandemic supply
shortages, residual effects of free-flowing government
cash to support pandemic recovery, and importantly,
record-setting fuel prices. Fuel prices, in particular,
are pinching the American pocketbook; not just
through increased commute costs, but also the direct
association with food prices. Skyrocketing inflation,
or policy responses to tamp it down, now seem poised
to bring on recession, and this one could be a doosey
(Henney2022a; Henney2022b). Today, the U.S.
Federal Reserve Board raised the benchmark federal
funds rate by 75 basis points for the first time in
nearly 30 years, with additional increases expected
throughout the year (Henney2022c).
I am keenly aware of the toll inflation has taken on
my monthly budget (food and gas, most notably,
but services are also increasing in price) and I
shudder to think about the real effect on the long-
term purchasing power of my retirement nest egg as
that day approaches. In fact, I just noticed that my
retirement account has decreased in value by more
than I have earned from working since January 1
this year, but that’s just the current value, not the
real, inflation-affected value. So, at some point
sooner or later, I may be forced to acknowledge that
I do not require avocados, nor pineapples, or even
watermelons out of season. I think of all the items
I have considered, it is the $8.00 watermelons that
have bothered me most. That’s more than double
last season’s prices. Milk was used as a loss leader at
my local Wal-Mart at 99 cents per gallon, but now
it’s nearly $4.00, and at those rates, I could quite
literally come out ahead by owning my own dairy
cow (a prospect my daughter finds more appealing
than I do). We will need to be increasingly vigilant in
accounting for the effect of inflation in our empirical
models—particularly time-series models.
Ronald Reagan inherited the nastiest case of stagflation
in memorable history, so consequently, he also spoke
a number of truths and witticisms about its ravages.
Afew from Reagan’s(1981) speech appear as follows:
Inflation is as violent as a mugger, as frightening
as an armed robber, and as deadly as a hit man.
We don’t have inflation because the people are
living too well. We have inflation because the
government is living too well.
Inflation is not just high prices; it’s a reduction
in the value of our money. When the money
supply is increased but the goods and services
available for buying are not, we have too much
money chasing too few goods. (Reagan1981)
Recent events have given me pause, as well as
cause, to think about the relationships that have
been supportive of globalization, and in turn, just
how much our recent policy and administration
focus—our governance lens—has been global.
As a global journal, Public Administration Review
represents stakeholders from around the world,
and we have called for increased comparative work
Public Administration for a New Season: Reflecting on
Neglected Rural Concerns
Jeremy L. Hall
University of Central Florida
Editorial
Public Administration Review,
Vol. 82, Iss. 4, pp. 613–618. © 2022 by
The American Society for Public Administration.
DOI: 10.1111/puar.13536.
To continue reading
Request your trial