By: Kenneth D. Gartrell
On Greta Vansustern’s FOX News evening show on the 24th of June, the Speaker of the House, Nancy Pelosi, said that on June 30th, just 6 days hence, the price of oil would fall because that was the day that the US Government would cease to purchase oil for the strategic petroleum […]
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By: Kenneth D. Gartrell
Based on well-worn rhetoric of class warfare, Barack Obama proposes to soak the wealthy by tax-based income transfers to the middle class and poor. The approach panders to short-term interests and to a perceived limited economic sophistication of both the middle class and poor. Raising the capital gains taxes and […]
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By: Kenneth D. Gartrell
There has been much recent news interest focused on why Obama is helping to cover the unpaid costs of Hillary Clinton’s campaign. The commentators would do well to remember that economic decisions are forward looking. No rational decision maker looks backward when making a decision. What is past is a “sunk […]
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By: Kenneth D. Gartrell
One of the most remarkable aspects of the present climate for oil prices is the extent to which public policy makers and political pundits are ignorant of and therefore able to demagogue an otherwise understandable economic question and confound issues to the point where it is political uncertainty more than anything […]
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By: Kenneth D. Gartrell
China and India have been blamed by many politicians and pundits for the recent rises in oil prices. Simple economic analysis makes it clear that there cannot be such an impact. It is vitally important to a correct economic analysis that the analyst adopt an “ex ante” perspective. “Ex […]
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