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<blockquote data-quote="wkmac" data-source="post: 982573" data-attributes="member: 2189"><p>Ignore the price and ask yourself how much time you have to labor in order to pay for a gallon of gas? How much time did it take 30 years ago? How much time does it take a new worker in the labor market today? What will it be like for him/her in 30 years?</p><p></p><p>There's your real expression in actual effects of inflation. Money or currency that is state privileged by means of a monopoly is a means to commoditize labor as much as it is a means of exchange for labor to acqurie goods and services in a given market. Remove state monopoly privilege of money and a whole lot will change and for the good including not only the reduction in actual costs of gas but it opens the door with a flat floor for other technologies to emerge that competes with oil. </p><p></p><p>And what does real competition do to the overall costs in the economy?</p></blockquote><p></p>
[QUOTE="wkmac, post: 982573, member: 2189"] Ignore the price and ask yourself how much time you have to labor in order to pay for a gallon of gas? How much time did it take 30 years ago? How much time does it take a new worker in the labor market today? What will it be like for him/her in 30 years? There's your real expression in actual effects of inflation. Money or currency that is state privileged by means of a monopoly is a means to commoditize labor as much as it is a means of exchange for labor to acqurie goods and services in a given market. Remove state monopoly privilege of money and a whole lot will change and for the good including not only the reduction in actual costs of gas but it opens the door with a flat floor for other technologies to emerge that competes with oil. And what does real competition do to the overall costs in the economy? [/QUOTE]
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