USA Today: The Economy Needs High Oil Prices

[Madison320]

If price inflation was due in part or in it's entirety to increased energy prices over the past several years, then it's possible for prices to fall in a lot of areas. Maybe they will start making food containers bigger again...

That would be the first time in history that a large amount of fiat currency printing led to falling prices.

 

[Brian4Liberty]

That would be the first time in history that a large amount of fiat currency printing led to falling prices.

It's not the printing money that leads to price deflation. It's the collapse of the malinvestment.

Helicopter Ben and friends believe that printing enough money would inflate them out of that necessary correction, and it has not worked. His helicopter hovered over Wall St., and that money barely made it into the larger economy. Ben could print money all day long, but if he gives it all to Jamie Dimon, who stores it in his basement vault, it won't have any effect.

 

[acptulsa]

USA Today: You Need a Hole in Your Head

Oh, please, mommy government, raise our gas taxes! We promise we'll be happy about it even when you decide to stop punishing Russia and gas goes back up to four bucks! We won't even make you repeal the newest addition to the gas tax then, we promise! Besides, GEmsNBC promised they'd never go up again ever anyway, so who cares?

Pleasepleasepleasepleaseohplease bend us over some more! USA Today told us we want it!

 

[oyarde]

Only people who need high energy prices are those selling energy or those collecting taxes from it . Done .Lets move along to something more interesting .

 

[Madison320]

It's not the printing money that leads to price deflation. It's the collapse of the malinvestment.

Helicopter Ben and friends believe that printing enough money would inflate them out of that necessary correction, and it has not worked. His helicopter hovered over Wall St., and that money barely made it into the larger economy. Ben could print money all day long, but if he gives it all to Jamie Dimon, who stores it in his basement vault, it won't have any effect.

Nobody stores money forever.

Printing money is BY FAR the primary cause of price inflation over the long haul. It's not debatable. We've printed a ton of money therefore prices will rise a ton eventually to match the printing. There might be short term dips in certain sectors but in the long run all prices will rise.

 

[LibertyEagle]

screw big oil , get it down to $40/ba where it belongs , big oil will find a way to make money .

we have been subsidizing them for too long , even before opec we were giving big oil a depletion allowance for 50 yrs , let them find a way to survive like we do .

i do not feel sorry for someone that has been robbing me for more than 70 years .

Robbing you? No one is making you use it.

 

[ILUVRP]

Robbing you? No one is making you use it.

i guess people that have stocks in big oil or gold because high energy prices causes inflation have a dog in the fight .

 

[Brian4Liberty]

This morning on CNBC, they were discussing what the Federal Reserve can do to fight deflation. They followed it up with a story about dropping cattle prices.

 

[Madison320]

This morning on CNBC, they were discussing what the Federal Reserve can do to fight deflation. They followed it up with a story about dropping cattle prices.

I like how they make it sound like it's so difficult to fight deflation. Just announce QE4. Problem solved!

 

[LibertyEagle]

i guess people that have stocks in big oil or gold because high energy prices causes inflation have a dog in the fight .

lol. Nice try. You would have been better off in making an argument for getting rid of all government subsidies. Oh, and "big oil" nor "gold" cause inflation.

So, when will you stop using oil? Today or tomorrow?

 

[idiom]

It just a highly leveraged bubble, you can't predict who it will bankrupt as it implodes.

 

[muh_roads]

we have been subsidizing them for too long , even before opec we were giving big oil a depletion allowance for 50 yrs, let them find a way to survive like we do.

+rep