I think that perspective is the issue here. Are commodity prices rising, or is the dollar becoming worth less?
You can’t print gold, silver or oil. Printing money is taxation by the government, call it what you will. Maybe we all have taken a 30% pay cut and just haven’t figured it out yet.
Remember back to 1960’s with gold at $32 per ounce, gasoline at 25 cents a gallon and cigarettes at 23 cents a pack. Go forward to 1968 and the Viet Nam war. I guess its different this time.
