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Tag Archive 'oil'

This abstract says it all: Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices … In the 1970s, large increases in the price of oil were associated with sharp decreases in output and large increases in inflation.  In the 2000s, and at least […]

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The American Way

“if the House of Representatives has now declared it “illegal” for the Government of Saudi Arabia to restrict oil production, why is it still legal for the Government of the United States to restrict oil production” Check out Mark Steyn’s OpEd here.

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