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Be Ready for $400-a-barrel Oil... And Worse!
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07-26-2008, 06:22 PM
kgun
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Join Date: May 2005
Location: Norway
Posts: 5,681
Re: Be Ready for $400-a-barrel Oil... And Worse!
One of the most elementary errors in economice is confusing absolute and relative prices. Inflation is an increase in the
general
price level.
Hyper inflation is what Zimbabwe now experiences
.
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