It’;s rather obvious to me the inmates are running the asylum IMF. Bob may be a little cynical at times, but he’;s certainly not crazy. There is often quoted statement about the US Constitution not being a suicide pact. The question today is whether the European monetary union is a suicide pact or not. Dave B.
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The article states: "It is not that the price of gas is more expensive; it is that your dollars are worth less."The price of gasoline is more expensive, because demand for gasoline increased between 2009 and today, more than supply.And dollars are worth less doesn';t mean much, unless prices increase faster than income, i.e. real income falls.