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<p>[QUOTE=&quot;V. Kurt Bellman, post: 1984058, member: 71723&quot;]1) they don&#039;t use a printing press, and the government or even the Fed doesn&#039;t do the vast majority of the money creating. Your local bank does. And it isn&#039;t done with a printing press, it&#039;s done with accounting entries.</p><p><br /></p><p>2) you can&#039;t buy a gallon of gas with a 50-year-old quarter. Try it sometime. You can buy it with the dollars you can get IF you can find someone to buy the quarter and IF he offers you its present market value and IF, and IF, and ... Point is - how much of the increase since 1972 in the price of gasoline is because of inflation, and how much is because it is fundamentally more expensive to get and refine? I don&#039;t know, and neither does anyone else.</p><p><br /></p><p>3) I know most people believe when prices rise, that&#039;s inflation. Well maybe it is and maybe it isn&#039;t. Some prices rise during deflation. Some prices fall during inflation. It is never clear at first glance whether gold or silver rise or fall based on their own fundamentals or the dollar&#039;s. Anybody who says they know for sure lies. I do know this - I&#039;ve read here that gas and food and medicines are still going up in price. I don&#039;t see it. They are all dropping here, and I buy a lot of all 3. Gasoline isn&#039;t about 60 cents below where it was 3 months ago where you live? It sure is here. The station managers are making sure they know where their big 2&#039;s are for the big first digit in the price of regular. My grocery bill is way below last year&#039;s. My electricity bill is too. My tech is cheaper. I don&#039;t have cable or satellite TV. I don&#039;t go to movies. Where is my inflation? Oh yeah, my monthly Amtrak ticket went up a buck from $170 to $171. Whoopee![/QUOTE]</p><p><br /></p>

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