Great thing about the economy's of Canada and the united states is they are controlled in a way to prevent inflation. No matter if bush or who ever is taking money for themselves we know inflation won't occure.
Inflation- A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.
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Inflation is on the rise, buddy.
Look at gas, you dolt.
$2.39 a gallon here in Phoenix, Arizona when last moth it was at $2.15
I wouldn't call that inflation because that's not persistent. It's been fluctuating from $2 - $2.50 here since the hurricane let all Hell break loose.
it actually started when we invaded the middle east. and your lucky kellimus in hawaii its 2.65
QUOTE(Felagund @ Jan 15 2006, 01:48 PM)
I wouldn't call that inflation because that's not persistent. It's been fluctuating from $2 - $2.50 here since the hurricane let all Hell break loose.
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Gas is a consumer item; Thus, inflation is rising.
But by that fellow's definition it's a persistent increase. If it's fluctuating either way a lot, I would definitely not call that inflation.
Inflation is everything.
Inflation fluctuates. Take a look at Germany now, compared to Post-WWII.
Do you see their eggs costing millions and millions of deutchmarks? (Over exageration, I know)
Exactly. You can't just say that Inflation is a steady rise, and that it doesn't fluctuate.
I thought that was Post
First World War when Germany suffered from hyperinflation?
If you're talking about the price of oil becoming inflated, it's because supply is falling relative to demand, and that's not really inflation. Inflation would have a blanket effect on the economy.
You could say that the price of fuel is increasing (barring random fluctuations) steadily at the moment, but it's just a case of supply and demand. The OPEC countries are raising prices because of Middle-Eastern instability (e.g. the Iraq War and its consequences).
Here's a graph showing how rises and falls in oil prices are natural and not really related to inflation.

To give you the true views that I personally think, I think that Chinese are going to dominate world as Americans, French, Germans, Portuguese, Normans, Spanish, Dutch, and English did. They will soon take over American's economy slowly, but in noticible amounts. I think American economy is going down the toilet. It is like Japanese. Im just hoping my guesses won't occur in my lifetime if it ever happens.