Why Its Pointless To Argue With Global Warming Believers 2095
Look, you keep making a lot of statements which are easy to check... and wrong. Inflation was typically lower in the early 1900s, but the economy moved much slower, so this is not particularly odd. Inflation did occur, despite the gold standard. And actually, inflation is much more consistent now; that kind of predictability is very valuable.
More to the point, think about what you're saying here. We're talking specifically about *oil*. Even when there's no *overall* inflation, the price of specific goods can obviously go up (or down). What's happening with oil now would be happening with a gold dollar as well, because most of has to do with the market value of oil, not with the market value of the dollar.
The Consumer Debt price index (on which inflation figures are based) uses... wait for it... Consumer Debt prices. IOW, costs like this are already factored in, since manufacturers factor them into their own prices.
It doesn't really matter where it all began; it's up and running now, and works fairly well.
Why Its Pointless To Argue With Global Warming Believers 2096
snip) Here's an interesting excerpt: "You don't want inflation to be built into people's planning. Once that...
"Borrow and spend" government is a bad idea, yes. But this is not really very closely related to the issues we've been discussing.
-- "Those who enter the country illegally violate the law." -- George W. Bush in Tucson, Ariz., Nov. 28, 2005
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