Oh, I understand that much - by making the fuel surcharge a dynamically-determined fee tied directly with the cost of fuel at the time, you prevent price gouging (since it's regulated by CFR) due to the costs of fuel, and it will (theoretically) go down when (if?) the cost of fuel starts to drop.
I don't have a lot of trouble with that - save the fact that it can cause daily price changes in nearly everything...
What I have a problem with is the fact that the world economy is still tied into and based upon (in essence) a resource which is depletable, expendable, and non-renewable, while lacking in a universally-agreed-upon value.
When monetary units were based upon specie (typically gold and silver - but there's no reason not to include other precious metals - preferably non-industrial metals,) the major world currencies were stable. Ever since money has gone from having an intrinsic value to being based upon the "full faith and credit" (and how good is the credit of a nation with a multi-trillion dollar standing deficit and a multi-billion dollar annual trade deficit?) we've been saddled with fiat money with a constantly fluctuating value.
This value has since settled down only slightly - having been de facto tied into petroleum pricing and production - the nonrenewable, depletable resource. World industry is largely based upon petrochemistry, and it touches every segment of industry and the economy at some point.
The single best fix for this would be a return to the gold standard (and a concurrent dissolution of the Federal Reserve Bank - which exists in violation of Federal law anyhow,) and the wholesale destruction of the "Federal Reserve Note" in favour of cartwheels, eagles, and double eagles, or the issuance of gold and silver certificates in lieu of, and redeemable for, the same. I see no reason why platinum could not be added, as it is a metal that was not in wide monetary use as of two hundred-odd years ago (when it was said that "The Congress shall have sole power to coin money, and no thing but gold or silver may be used therefor" - I'm probably misquoting, but the gist is there.) Those old boys weren't so dumb.
Of course, this fix for our economy would absolutely require things to get a little goofy for a while (one to four years, I'd guess,) and we'd have to get used to the changes, but the long-range benfits would be well worth it. The dollar could be effectively revalued by bringing the minimum wage down (thus increasing the value of the dollar and reducing the costs of production,) rather than the constant devaluation we're saddled with every few months when they increase it again. Of course, California raises the MW even faster, so we're the bellwether for the national economy (even though I think of CA as more of a Judas goat than anything else...)
This is merely a single facet of the problems we're facing economically - and that we will continue to face if we don't take a long-range view and work to actually cure the disease, rather than keep trying to mask the symptoms.
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