They tell us inflation – the benign-sounding word used to euphemize the deliberate devaluation of our money by simply creating new money (pieces of paper) out of thin air and flooding the economy with it – is “only” running about 2 percent of so annually. If so, why has the cost of a quart of oil gone up by, oh several hundred percent? I’ve done a lot of oil changes over the years. A quart of high-quality non-synthetic oil cost less than $2 a quart when I was in college in the ’80s. That same quart of oil today costs … Continue reading Oil Changes and Monetary Policy