Originally Posted by sjh

Between 1920 to 1964 a gallon of gas cost a quarter.

During that same period of time the quarter was 90% silver. That is our currency was tied to a tangible commodity, precious metal.

Starting in 1964 the silver content of coins was drastically reduced. The currency was separated from any real asset. The Fed could and did print money whenever it wished.

Today, if you had a quarter minted between 1920 to 1964 and determined the current market value of silver in the coin it would buy a gallon of gas.

The single greatest cause of elevated gas prices, much less the rest of the deterioration of our nation (US), is the refusal to control our spending and to therefore print valueless money.

It's not the Arabs or Chinese who are injuring us. We're doing a fine job all by ourselves.