NOYB wrote:
It's deflated in value relative to other currencies.

Really? Who'd a thunk it?

... But not relative to
how much oil a dollar will buy...

Bzzt, try again

... at least until the other "inflated"
currencies have driven the price of oil up.

The other currencies are irrelevant to whether or not the dollar is
deflated, unless you're sepcificaly talking about the exchange rate.


If demand from other countries didn't increase while the dollar's value
fell, then the price of oil would actually fall.


???

Better think this one over again too.

If the dollars value falls (and BTW this is not deflation) then it will
take more of them to buy whatever... oil, bread, ammo, other currency...

The basic relationships of monetarism are simple, when you get them
wrong you show that you're poorly educated on the subject. Probably
parroting some right-wing talk radio nonsense.

DSK