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Ron Paul’s ABC Debate answer on gas prices?
Did anyone else find Ron Paul’s answer to the question about gias prices during the ABC debate astonishing?
If you missed it, he merely quoted a chart in the Wall Street Journal that showed how gas prices in …
the US dollar has gone up 350% in the past 10 years,
the Euro has gone up 200% in the past 10 years,
Gold has stayed the same in the last ten years.
So if our dollar were backed with gold like Ron Paul suggests, then gas prices would have remained the same. I found this astonishing.
I mentioned it in an answer to another question. What he is saying is that the price if oil isn’t being completely driven by supply and demand, that the value of the dollar is affecting it as well. What struck me was how the other candidates completely ignored what he said.
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