Quote:
Originally Posted by dippin
Quantitative easing and American monetary policy have nothing to do with increasing oil prices, which are increasing in all currencies.
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What is the basis of your point of view?
To me it is pretty clear that there is a connection between the devaluation of the dollar and inflated commodity prices (measured in dollars). The whole point of quantitative easing is to increase the supply of dollars to stimulate economic activity - by definition that is devaluing the dollar in the context of monetary policy. The risk is high inflation and low or no economic growth. I think the qualitative easing is failing.
---------- Post added at 03:25 PM ---------- Previous post was at 03:18 PM ----------
Quote:
Originally Posted by Derwood
It's definitely not supply/demand. Gas prices are 50% higher today than in April 2010, but oil prices are not 50% higher, nor is demand 50% higher.
Maybe congress should threaten to take back the billions in oil subsidies
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Yes, we need to fix the entire tax code, no for profit industry should be getting subsidies. I bet most political leaders could not even explain what the subsidies are. Ever notice how they never get specific - just end the subsidies!