I know oil is up in cost everywhere compared to a year ago. Dr. Paul blames it on the weakness and devaluation of the dollar. Fine. If the dollar is the main problem, why is it up in other countries as well? Is it because oil is traded in dollars? Is it that simple?
I appreciate any help. I just read Rothbards, What has Government Done to Our Money and am really trying to wrap my head around economics for the first time in my life.
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