Gas prices are going up again

[william the wie]

Or worse.

Since 1929, the American Economic Boogyman has been DEflation, not inflation.

Obamanomics (Printing Trillion$ and giving it away) will set the tone for Inflation, the likes of which Americans have never experienced.

Well deflation actually is more dangerous than inflation.

Actually that is an unproven assumption. America's greatest productivity gains happened in the deflationary 1800s as measured by life expectancy gains which is much harder to gimmick than conventional economic data.

Inflation is a systemic element of our currency system.

If you don't like inflation kill the fed, if you don't, or won't kill the fed then blaming Obama, or anybody else, is counterproductive.

If you really mean it when you say you don't want an inflationary system then don't cloud the pool with useless partisan distractions. Keep people focused on the real cause in the hopes that they will actually do something, other than just whining.

Totally agree with the rest of your points. The deflation/inflation argument is based on a derivative of a real wage fluctuation study done by Philips and hence the Philips' curve. The question is whether real wage increases are a cause or effect of increasing velocity and multiplier leading to price inflation. The idea that some third factor causes both effects was rejected and that appears to have been a mistake since stagflations are impossible in the Philips universe of discourse.

 

[Paulie]

It's amazing that the prices stayed so low the last couple of years. It makes one wonder what is really controlling the price in this country.

Gas is around $10 a gal in Germany......wonder why?

Well I don't really wonder....but I'm wondering if anyone has figured it out.

Let me guess mudwhistle. Democrats?

Taxes. So, yea.... it's what we would call 'big government'.

Taxes are what is controlling the price of gas in the US and keeping it lower than in Europe?

 

[Big Black Dog]

Gas where I live is $2.99 9/10 a gallon. I'm wondering why everybody is not bitching about the high cost of gas like they did when Bush was President... Have we become used to the high cost of gas or don't we care because it's Obama who is President now and to bitch and raise hell would only get you labeled as a racist?

 

[Paulie]

Gas where I live is $2.99 9/10 a gallon. I'm wondering why everybody is not bitching about the high cost of gas like they did when Bush was President... Have we become used to the high cost of gas or don't we care because it's Obama who is President now and to bitch and raise hell would only get you labeled as a racist?

Maybe because this time so many people are out of work now that they don't have to worry as much because they have no job to drive to and no money to drive somewhere to spend it.

 

[Big Fitz]

Gas prices will continue to rise until two things happen:

1. Inflation is checked (which it won't be thanks to the two Quantitative Easings unless by a miracle they destroy that money and re-harden the dollar)

2. A sane energy policy of domestic petroleum and coal production goes back into effect.

 

[Douger]

.12 a gallon In Hugozuela.
That's the cost of refinement.

 

[High_Gravity]

I heard gas prices are supposed to shoot up for the Holidays, its $2.71 here now but it will go up to $3.

 

[Paulie]

I heard gas prices are supposed to shoot up for the Holidays, its $2.71 here now but it will go up to $3.

I heard you're a fucking robot and don't know know shit about anything that you didn't hear on TV.

 

[High_Gravity]

I heard gas prices are supposed to shoot up for the Holidays, its $2.71 here now but it will go up to $3.

I heard you're a fucking robot and don't know know shit about anything that you didn't hear on TV.

Damn son who took a shit on your cereal this morning?

 

[Paulie]

I heard gas prices are supposed to shoot up for the Holidays, its $2.71 here now but it will go up to $3.

I heard you're a fucking robot and don't know know shit about anything that you didn't hear on TV.

Damn son who took a shit on your cereal this morning?

A cockapoo.

 

[Terral]

Hi Big:

Yesterday here in North Carolina I saw the price of regular unleaded gas at $2.91 What will happen next because of the rise in gas prices? Thats right food prices will rise the economy will sink.

Gas and food prices are going up, because the value of your fiat dollar is going down, which means you need more worthless dollars to buy the same goods and services. The stock markets are going up, because the value of your worthless fiat dollar is going down and it takes more dollars to buy the same stocks and commodities.

Bush and Obama are doing to America what Hitler did to Nazi Germany, which will lead to a worthless currency and endless years of war. Watch and see ...

GL,

Terral

 

[bigrebnc1775]

Hi Big:

Yesterday here in North Carolina I saw the price of regular unleaded gas at $2.91 What will happen next because of the rise in gas prices? Thats right food prices will rise the economy will sink.

Gas and food prices are going up, because the value of your fiat dollar is going down, which means you need more worthless dollars to buy the same goods and services. The stock markets are going up, because the value of your worthless fiat dollar is going down and it takes more dollars to buy the same stocks and commodities.

Bush and Obama are doing to America what Hitler did to Nazi Germany, which will lead to a worthless currency and endless years of war. Watch and see ...

GL,

Terral

Bush and Obama are doing to America what Hitler did to Nazi Germany, which will lead to a worthless currency and endless years of war. Watch and see

I have no doubts about it.

 

[william the wie]

Hitler came to power 7-8 years after the inflation ended.

 

[bigrebnc1775]

Hitler came to power 7-8 years after the inflation ended.

I don't think so will.

 

[loosecannon]

Weimar Republic - Wikipedia, the free encyclopedia

 

[bigrebnc1775]

Weimar Republic - Wikipedia, the free encyclopedia

Hitler and the nazi party picked up membership numbers because of the bad economy.

During 1921 and 1922, the Nazi Party grew significantly, partly through Hitler's oratorical skills, partly through the SA's appeal to unemployed young men, and partly because there was a backlash against socialist and liberal politics in Bavaria as Germany's economic problems deepened and the weakness of the Weimar regime became apparent.

Nazi Party - Wikipedia, the free encyclopedia

 

[loosecannon]

I spose it depends on your definition of "came to power". I think Hitler came to power in 1930, maybe as late as 32-33.

But nobody will contest that fascism took the world by storm because of the depression, tho Germany had their own private depression after WWI.

 

[bigrebnc1775]

I spose it depends on your definition of "came to power". I think Hitler came to power in 1930, maybe as late as 32-33.

But nobody will contest that fascism took the world by storm because of the depression, tho Germany had their own private depression after WWI.

Agreed.

 

[bigrebnc1775]

Fast forward to april 2011

 

[bigrebnc1775]

And the government keeps trying to tell us that there is not an inflation problem.

We are headed towards Carteresque Stagflation, which is the economically logical result of Obamanomics.

Or worse.

Since 1929, the American Economic Boogyman has been DEflation, not inflation.

Obamanomics (Printing Trillion$ and giving it away) will set the tone for Inflation, the likes of which Americans have never experienced.

He'll just blame it all on the Republicans.

When you posted this were you lookng in a crystal ball?