On Sep 10, 10:47 am, "M.A. Johnson" <[EMAIL PROTECTED]> wrote: > America's Economic MythsbyDavid Saied| Posted on 9/10/2008 Myth # 2: "Inflation is caused by rising oil prices."False. If the money supply were to remain constant, then an increase in the price of one good, such as oil, would cause a decrease in the price of other goods.
And again, no attention is given to the "Oil" that it takes to get ALL Goods to Market. Oil, like NO OTHER Commodity, does in FACT cause inflationary pressures on about EVERY Product we consume. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
