Inflation is already here by way of oil.
Oil is not inflated. American goods that involve oil might be inflated because of it, but oil actually is not.
Gold too, if you revalue it using Canadian or Euros, appears to have barely gone up in value.
Our country has so far avoided the two major problems of a weak currency, inflation and high cost of borrowing. If the benefits of a weak dollar materialize, we will not see those in a damaging fashion.
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“Inflation is already here by way of oil.”
Not really.