To: Nathan Zachary
High oil prices are going to set off a whole round of inflation. Inflation is everywhere and always a monetary phenomenon.
324 posted on
04/18/2006 12:17:07 PM PDT by
Protagoras
(The world is full of successful idiots and genius failures.)
To: Protagoras
So these current gasoline prices will be good for the economy?
326 posted on
04/18/2006 12:18:11 PM PDT by
AxelPaulsenJr
(More people died in Ted Kennedy's car than hunting with Dick Cheney.)
To: Protagoras
"Inflation is everywhere and always a monetary phenomenon." Actually, we have been enjoying a slightly deflationary trend overall. That's about to end.
To: Protagoras
Anyways, I got to go. I have to drive almost to the next state to get back across the border (major flooding). I don't think oil prices are ever going to go down to $40 again- ever. This "adjustment" is here to stay, for a whole variety of reasons.
Later.
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