2008-05-23 — blogspot.com
"In all the fuss about soaring commodity prices lately, it's easy to lose sight of the fact that "price" has two variables - money (e.g., dollars) and goods (e.g., a barrel of oil). Far too little attention has been paid to the numerator in this equation (dollars) when seeking to explain why prices (dollars divided by goods) have moved upward so sharply."
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