2008-06-24 — itulip.com
"Back in 2006, Rick Ackerman and I first started to debate the topic of whether deflation or inflation was coming. At the time, regular gasoline went for $2.25, a gallon of milk went for three bucks and gold was trading at $650. Today, as readers know, regular gas is over $4, milk is also four bucks a gallon, and gold trades around $900. Incredibly, the argument is still going on as if regular gas had declined to $1, milk to a buck fifty a gallon, and gold to $300. Our latest exchange is here."
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