The reason for high prices is increased scarcity. The way to solve that is to make it worthwhile for producers to increase supplies. Ease restrictions on new refineries and oil drilling, get rid of taxes on gasoline, and stop threatening to nuke Iran. That would solve the "crisis" very quickly.
A new book by NYU Professor William Silber has just come out offering an explanation for
Lebanese Muslims saw aggression, not liberty, and fought back with the only effective weapons that they had at the time. The point is not that Americans deserved to be attacked, but that they would not have been attacked but for being placed in the middle of a distant sectarian conflict. No wonder US policymakers prefer not to talk about the causes of terrorism.
...but, if there is some “disruption” that “severe
In what has to be the most telling example of the desire of government to use violence as its primary means to any end, officials in Ohio, Michigan
Rather, the real dream has always been to protect wealth from the evils of inflation, and the middle-class housing market generally served that purpose. Housing was the middle class's best hedge against a growing government intent on expanding its scope and power by inflating the money supply. Today, housing looks like a relatively weaker hedge, and if this trend continues, middle-class wage earners will have to find better assets in which to store the brunt of their wealth.
