7/3/26:
For those who believe that Milton Friedman's monetary causation of inflation is correct, the idea that oil pricing can cause inflation is itself (most likely ) a lie.
Virtue does not rule the world--vice does. Anybody who lies about things like this is not of virtue, but of vice. Yep. Nobody's pure. Nobody's entirely clean. If you complain about high pump prices, it is not because you care about inflation. In my case, I was driving a lot in 2011 until I retired from trucking in 2016. I had a VESTED interest in lower gasoline prices. My motives were not pure. But when are they? Ever????
5/20/11:
Inflation will rise abnormally because of seasonal variations. You can think of it what you want. When you see high prices at the pump and they say "no inflation", I think somebody is lying.
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