$98 per barrel oil

Wolfgang Schwanke wrote in
:

Bertie the Bunyip wrote in
news:Xns99E1D62D7DDFA****upropeeh@
207.14.116.130:

kontiki wrote in
:

Bertie the Bunyip wrote:

in actual fact, by just about every index going your purchasing
power
is vastly greater than at any period in the past.



Give some examples of how my purchasing power is increased as the
value of the dollar decreases? Remember its a global economy.


Well, let's see, people make more money and stuff costs less.

If the dollar goes down, a lot of stuff costs more for them (merkins).
Imported stuff, domestic stuff which uses imported parts, and travel
abroad (which is also sorta "import" from the POV of the tourist's
country - you buy foreign services with your domestic money, except
you
consume them on location instead of having them delivered).

OTOH it's good for their exporters, because their prices appear to go
down for foreign customers.

From the EUR POV it's the reverse.

True.

That has little to do with the standard of living in the long term,
though.

and that was the point you snipped from the beginning of the discussion,
decinding instead to focus on the spurious fallacy of temporal exchange
fluctuations instead.


Bertie