tag:blogger.com,1999:blog-6336889634373515074.post4455829591558429785..comments2023-09-20T01:51:42.364-07:00Comments on Calamity Countdown: Will Rising Oil Prices Burst the Money Printing Bubble?Randy Pickardhttp://www.blogger.com/profile/12471195605540421938noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6336889634373515074.post-77990437985868768112012-02-27T17:13:19.716-08:002012-02-27T17:13:19.716-08:00And yet, when the price per barrel in US dollars w...And yet, when the price per barrel in US dollars was similar a few years back, the price of gasoline and other products were cheaper...in US dollars. So comparatively US dollars to US dollars, shouldn't the exchange be similar? Why is it that the products are now more expensive in ratio to the cost of oil then they have ever been previously?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6336889634373515074.post-4276782072560047652012-02-21T09:37:59.050-08:002012-02-21T09:37:59.050-08:00But since so called "core inflation" exc...But since so called "core inflation" excludes items with volatile price movements, notably food and energy, why should economists worry about inflation. The BLS can continue to exclude from the calculation any input that is going up in price and inflation will stay moderate.Randy Pickardhttps://www.blogger.com/profile/12471195605540421938noreply@blogger.comtag:blogger.com,1999:blog-6336889634373515074.post-61577062558913769102012-02-21T09:18:00.634-08:002012-02-21T09:18:00.634-08:00Amazing that a certain set of economists do not se...Amazing that a certain set of economists do not see inflation coming out of increased oil prices. These "economists" treat oil as any other commodity so that they can continue to live in the la-la land of purely theoretical considerations. They consider any type of energy policy an invalidation of the Efficient Market Hypothesis and an invalidation of their worship of the Market itself.TheCatalysthttps://www.blogger.com/profile/00821972757834035479noreply@blogger.com