22 Apr

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Debt Money Dollars Ever Lose Purchasing Power

Gas Prices Demonstrate Dollar Maintaining Value under Gold Standard

   source: US EIA

Gas prices soaring 300% this century, from around a dollar in 2000 to over four before the
temporary collapse in oil prices since last Fall

also demonstrate the dollar’s rapid collapse in purchasing power since 2000.

Note: Both gas and oil prices in the 1980s and 1990s actually fell greatly in purchasing power,
thus actually became cheaper due to huge decreases in production costs
via numerous technological innovations, not least supertankers greatly reducing import costs.

Hence, the dollar price of gas did not increase like other prices those two decades,
actually became considerably cheaper in relationship to wages and most other goods and services.