In January 2015, I wrote that falling oil prices would not boost the economy, as so many on the left predicted it would. The left wanted oil to fall to stick it to big oil and big gas, but were disappointed when falling oil and gas prices apparently provided no economic tailwind. Now, sure enough,… Continue reading Yet Another Correct Prediction
Tag: oil
Economic Misconceptions
Economics may be the gloomy science, but it’S also a counterintituve one. For example, research shows that stocks and treasury bonds react favorably to rising unemployment during expansionary periods (like today and the 90’s). This is because the economic benefits of lower interest rates (cheaper borrowing) exceeds the consequences of rising unemployment. That theme has… Continue reading Economic Misconceptions