Blouge on 01 July 2014
| outlawauron said: Also, outside of oil, what has had ridiculous price increases that were the result of inflation and not regulation. |
Inflation (the expansion of the money supply) causes the price of everything to go up ridiculously. FYI, the oil / gold ratio hasn't changed much:
Oil price / gold price = 6.283x10^-5 oz t / BOE - http://www.wolframalpha.com/input/?i=oil+price+%2F+gold+price
1950's oild price / 1950's gold price = 5.554x10^-5 oz t / BOE - http://www.wolframalpha.com/input/?i=1950+oil+price+%2F+1950+gold+price
About 99% of the value of the US dollar has been destroyed since the Federal Reserve was created in 1913.
