[gas0linealley]

Let's see here . . . thumbing through notebook . . . inflation, demand, supply, regulation, taxes . . . .

Not a bad answer...if I'd asked why gasoline costs more today than when it sold for 25 cents a gallon. But, of course, I didn't ask why it costs more, I asked why it's WORTH more.

When you can understand the difference between "cost", and "worth", then perhaps you'll understand why I have no confidence in cheerleader's glowing economic reports.

[1rudeboy]

Worth may be folded into demand, if you think about it . . . if you choose not to, then gasoline is worth more today than when leaded regular was selling for 25 cents because of “urban sprawl,” and related factors such as improved road networks, less emphasis on public transportation, the decline of “nuclear” communities, as well as rising incomes, etc. We are simply more “mobile.”

[1rudeboy]

I’d be interested in hearing your answer to the question in #34, if you have an opinion.

[expat_panama]

understand the difference between "cost", and "worth"

Maybe it's a guy thing.  Guys like Rudy and me work with what we can see; that's why we make the money that pays the bills and the ladies in our families deal with the feelings.   Rudy and I know where we can find a market price for something because the price is something that everyone can see.  Afterwords, you and the rest can go ahead and really really feeel whether things are worth a lot more or not really worth anything at all.

Don't get me wrong, I understand we need both.  Prices exist so I can make sure we have food and clothing so we can survive. Afterwards you can talk about how much something is worth say, spiritually or something.