[Ruy Dias de Bivar]

Quick! Buy Land!

The first time gas went up around 1979, the bankers printed huge ammounts of money to compensate. This gave us 21% inflation during the Carter years. Those with debts benifited from this as wages went up also!

[AdamSelene235]

The first time gas went up around 1979, the bankers printed huge ammounts of money to compensate.

Sigh.....Try that again, in reverse.

[AdamSelene235]

the bankers printed huge ammounts of money to compensate

You mean like this?

[TopQuark]

The first time gas went up around 1979, the bankers printed huge ammounts of money Bankers do not print money.

to compensate. For what? Why would bankers care about the oil prices?

This gave us 21% inflation during the Carter years. Those with debts benifited from this as wages went up also! And those without debts did not benefit from wage inflation?

And the point of this enumeration was... what exactly?