Why $200 Oil Is Good for US Markets [View article]
Why don't we have the Air Force carpet bomb Detriot and Los Angeles on their way back from Iraq? The effect on the U.S. economy would be the same as $200 oil. And market forces didn't prolong the Depression, FDR and his "pragmatism" and "experimentation" prolonged the Depression.
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Why don't we have the Air Force carpet bomb Detriot and Los Angeles on their way back from Iraq? The effect on the U.S. economy would be the same as $200 oil. And market forces didn't prolong the Depression, FDR and his "pragmatism" and "experimentation" prolonged the Depression.
Aug 25 09:30 am
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All Comments by huangjin »Why $200 Oil Is Good for US Markets [View article]
I suggest reading Economic Sophisms by Bastiat.