Fueling an Inflation Crisis
description: A look at how surging oil prices are hitting various sectors in business, with CNBCs Steve Liesman and Rick Santelli
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5/08/2008
5/08/2008
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cnbcs steve liesman
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Crisis
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Fueling
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Steve
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Comments
Don’t confuse inflation with the Malthusian catastrophe. Suppose oil were to run out in two years. This would mean the price of oil would approach infinity in two years; only the very rich would be able to afford that last drop of oil. Does this mean that inflation would approach infinity? Be careful how you answer because it will reveal whether you really understand what inflation is. -
josemagus1
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