Re: Gas Prices


"Joel344" <joeleichen@xxxxxxxxx> wrote in message
news:Joel344.1tobza@xxxxxxxxxxxxxxxx
>
> I recall all the nonsense that the pundits spouted when oil went from
> ten bucks a barrel to $25. They were shouting this why we had huge
> inflation (during the 1970s).

Who says we don't now. Priced housing lately? Medical care? Gas? Dental
care?

Sure, durable goods are not going up as fast as other things, but they
are...durable...and I don't have to buy them that often anyhow. What is
different from the 70's is that wages are not keeping up with prices.

Vaughn


.

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