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[quote user="Laotzu del Zinn"] How about instead of a cieling... we just have OPEC stop artificially restricting supply...? Just a thought.[/quote] And how do you plan to do that? See, that's the thing with reality. It's easy to just say what would be great...it's a whole other...
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Well, since we're continuing the discussion here... Speculation The Social Function of Stock Speculators The Social Function of Futures Markets The Role Of Speculation & Governments In High Oil Price The Market Works Just in Time Speculators are Part of the Market Correcting someone who says...
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Why would an oil embargo against another nation by one nation not work? I know it won't work, but I can't think of the economics terminology that would explain why it wouldn't. I know the consumers could simply go to another nation, but somehow that seems like an unsatisfactory explanation...
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FIRST OFF, I just wanted to discuss the ideology of libertarianism a bit here. I am not making this statement as a partisan. I am not a libertarian myself. So I wanted to get that out of the way before I tell you my idea. Many libertarians seem to think that libertarianism means using all the resources...
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If inflation/deflation is actually caused by a variation in the size of the money supply, how can we counter the claim that dropping oil prices is driving deflation?
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Two questions: 1. Could anyone help me out by giving a better explanation of how "obscene" profits by oil companies actually help consumers at the pump and don't hurt them? I understand how higher profits equal more savings, which equal more investment, which equal more capital, which equal...
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I was wondering what an Austrian response to the following New York Times op-ed would be: http://www.nytimes.com/2008/05/28/opinion/28friedman.html?_r=1&oref=slogin I struggle to understand how a gas tax is really going to help anyone in the long-term. I also bristle when he attacks Jeep-Dodge, although...
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The prices in everything has risen recently due to inflation. Eggs, for example, have jumped in price by 40%, partially due to inflation. Gas prices would be lower w/o gas taxes and increased demand in China and India, but inflation is still the MAJOR contributing factor here.
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I believe Len is right here, in that, Hugo Chavez is concerned that the US will do to Venezuela what they did to Iraq i.e. claim the country is filled with terrorists and WMDs, then invade and steal the oil. You are only as free as the most powerful person or entity allows you to be. If some powerful...