Only if you want there to be supply. If you let the free market take care of itself, oil prices would go up, people would consume less, and other prices would (somewhat) stay the same.
If you ignore that whole transportation issue that is included in the cost and thus the sale price if there is to be a profit. Of course, in a theoretical true free market the price is always as high as can be made so the only impact would be the lowering of profit.
Unless gas prices went too high, in which case, out the window with that as well.
How high is too high?
But if what you say is true, then inflation should just be able to pick up the tail end of things.
Not in a "free market" where the prices go as high as that market will sustain. Any increase in wages should be met by an increase in cost of products and services. Thus, either no increase in wages and the any rising cost of essentials is absorbed or there is a general inflation.
But gas prices are still going up. Inflation is a tax, plain and simple.
That is inaccurate pure and simple. Calling a dog a cat does not make it so.
It is also a very deceitful tax.
No, it is deceitful to call everything a "tax" just because you dislike it.
A tax that cannot be seen by the majority populous is both very effective and very unfair.
Probably because they understan what a tax really is and inflation does not come close to meeting that crtiteria.
If everyone knew that the Fed can create money for the government out of thin air, and that the government relies very heavily upon this practice, it would create a revolution.
Let's just look at GM. Too much borrowing, too much spending, bad management, etc, got them bailed out. And now, governmental intervention on the part of Obama and the Chevy Volt (which by the way is a complete joke), and other things which I haven't researched very well, are causing GM to go under again. Ultimately this is the government's fault, as they are the biggest shareholder of GM. And honestly, who buys chevy? They only last for 150k miles and are junk! GMC gas guzzlers are much better. The Cadillac line is also very lovely and immortal (hopefully). But off track.
A lot of misinformation, but the lack of research does show.
How about the postal service? The government raided it too much and now they have too cut back "because they aren't making enough money." When what is actually true is that they took too much money from the USPS for it to function.
The Nixon Administration set it up as a quasi-business and then retained control over the main guidelines. Thus, even though they can show a profit they are required to pre-pay benefits, unlike any other "business" and are restricted as to what areas may be streamlined by Congress.