Because we have too much paper money and the volume of the paper money increases rapidly
Because it is artificially controlled. While the Oil companies would like you to believe it's supply and demand... that is only partially the truth.
The US Dollar is the basis of trade. US Dollars are FIAT money... printed with zero backing. The value is only whatever is perceived by the public. The Government says it has value so it does... until people stop believing in it.
The reality is the oil prices will always be manipulated for the most profit for the people who control the money supply... the shareholders.
People think that inflation is "rising prices"... but it's actually not. Inflation is the expansion of the money supply. Rising prices are a symptom of the expansion. In simpler terms inflation is the devaluation of the dollar because there is additional FIAT money flooding the market.
by Don A. Hoglund 12 years ago
I know that the government printing money in excess leads to inflation and devaluing the dollar. How does the use by consumers of credit cards have? I personally use very little cash and I hardly know what the money looks like anymore. I put much stuff on a credit card and pay it off monthly. That...
by Sharlee 2 years ago
Biden blames everything but his government spending for the monthly growing inflation. Which now is at 8.5%, a 40-year high. Biden has gone through painstaking efforts to shirk responsibility for the state of America's failing economy, blaming meat conglomerates, oil companies,...
by Alexander Pease 13 years ago
What do you think makes the price of gas so high?Is it the company making the prices go up, or is it another factor like, exporting/importing, etc.
by Aqeel Saeed 14 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
by SparklingJewel 12 years ago
Blame the Fed for the Financial Crisis ... The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control. To know what is wrong with the Federal Reserve, one must first understand the nature of...
by Phyllis Doyle Burns 10 years ago
What is a fair price for a tooth?When my kids were little the Tooth Faerie paid one dollar for each tooth they lost. When I was a child, the Tooth Faerie paid a nickel for each tooth. I wonder what the value of a child's lost tooth is now?
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