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This is a very oversimplified explanation you have presented.
You have also included some obvious contradictions in your analysis.
"The Republican/Conservative version. But the practical version is that with rising fuel costs, transportation costs, etc. consumer goods go up [even if fuel costs go down]."
If one case you assume rising fuel costs; and then you say, "even if fuel costs go down".
Please make up your mind. Which assumption is it?
Posted by AmericanIdle
No contradictions at all Peanut [thanks Cat, that's a good description!].
When prices of goods go up, they rarely come down except in an extended depressed economy. To illustrate prices rose back when fuel charges hit the sealing and they have never fallen.
Doubtful you attended the same school as most of us did, at 'My Pocketbook U.' Most of didn't have that high pay of the scientist scale. Like to point out that the myth of supply and demand having anything to do with fuel prices: IF the supply actually decreases to the point demand is unmet, THEN SOMEBODY DOESN'T GET GAS. That has NEVER happened since the 1970's, so the reason for the eternal creep up in gasoline is pure GREED and the fact Regressives allowed Monopolies to return to the oil patch.
Posted by TxGrandpa2
Well put Tex. The jrbush crash is the first time since the Great Depression that prices actually went down - witness our zero increase in SS couple years back - and inflation is still around 1%.