This paper discusses the interpretations of what Jefferson really meant by his claim and argues that although the claim does not describe the truth, it provides an ideal for the government and the law to strive toward.
The study investigates the Impact of Inflation on the Economic Growth of Nigeria between 1981-2013. The study is geared towards achieving the following objectives; to estimate the impact of Inflation on economic growth, determine the extent of long-run relationship between inflation and economic growth. The Ordinary Least Square (OLS) and econometric method such as Unit Root, Co-integration, Granger Causality and Vector Error-Correction Mechanism (VECM) tests were used for the analysis of the data. R-squared showed that 89.3% change in LRGP and adequately explained by charges in inflation rate and money supply while 10.7% of the variations in LRGDP are attributable to the factors not included in the regression function. The Breusch-Godfrey serial correlation LM P-value implies that there is evidence of auto correlation in the model; while the F-statistics of its 58.49 indicated that the joint influence of the explanatory variables on the dependent variable is statistically significant. The overall result of the study reveals that inflation possessed a positive impact on economic growth through encouraging productivity and output level, and that long-run relationship exists between inflation and economic growth as seen in the Co-integration test. The Granger Causality Test indicates that there no causal relationship between inflation and economic growth. Therefore, the study recommends that in order to reduce the instability posed by inflation to the economy the relevant authority should adopt stringent measures to control money supply through the use of effective monetary policy instrument.
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A freedom, what a wonderful word! How much energy there is in it! How much opportunity, dream, even believe that only we ourselves determine our capacity to do something, to achieve new horizons, to acquire new skills.
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The environment a child is brought up determines to a great extent his ability otherwise to adjust to later life task. Environment theory explain why children brought up in slum areas of the urban and industrial cities are somewhat indecent in their behaviour, why those brought up on rural areas and self contained government reservation areas are more decent in their way. Saudnu in Ekpo (1996) content that environment has influence on the child drew this point from the fact that when urbanization and industrialization increases students indiscipline grows. Adding that the rural students became vulnerable to indiscipline when they move to the impersonality and anonymity of large cities. He argues that with this trend, their home communities lose control of its members and family is not able to give prompt guidance when needed. This view is also supported by Aminu (1986) when he said that the remote causes of the recent students crises must be found in the general ills of our society our wrong approach to modernization and development with the break-up of our traditional family units and the wider social structure as well as the alienation of our fundamental institutions have entered into a sinister alien to entrench burgeoning indiscipline and other social evils in the country.
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