Thread: Demolishing the Gold Standard

Originally Posted by michaelr

Wouldn't it be nice to pay $2.00 for gasoline?

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In the early 70s we paid $.35 a gallon and $3000 for a new car. Now gas is 3.50 and a new car is $30,000. It seems about right.
Why would gas be the only thing uneffected by inflation?

Originally Posted by USA-1

In the early 70s we paid $.35 a gallon and $3000 for a new car. Now gas is 3.50 and a new car is $30,000. It seems about right.
Why would gas be the only thing uneffected by inflation?

I never said it would be. It is an easy example. I remember 3 gallons per dollar, I remember it well.