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Posted by tu3031 2012-07-15 00:24||
#2 In 2005 the cost of making a penny was .97 of a cent. Today after the Stim and multiple quantitative easings [printing money without backing] it costs 2.41 cents to make a penny. Using 'penny' rather than 'cent' as the unit of measure, that means your dollar is now really worth about 42 pennies. The cost of that gas isn't going to drop dramatically because your dollar isn't worth what it once was seven years ago. Call it the Krugman Effect.
Posted by Procopius2k 2012-07-15 08:17||