[LS]

I simply disagree that anything not measured in "gold" is "fiat." That's baloney. Most commodities prices, while a little higher, show no serious indications of inflation, energy especially. Nor do interest rates, which I'm sure you would say are "political." That leaves you with ONLY gold, and, as I say, it doesn't give you a lot of basis to claim that prices are much higher today than 5-6 years ago.

[bvw]

Oh boy. Now you've put me into waters that I need a pilot for.

This is an interesting kind of inflation. Fiat money driven. Every new dollar a creation of what in wednesday night poker is called "shorting the kitty". Some commodities will deflate! The metals. Excepting the precious metals.

Excepting oil and alternative fuels. Necessaries. Those will inflate. Have inflated.

There are a couple of Freepers who are astute on this inflataion with some deflations dynamic. For some reason I am not. Maybe imawit knows.