Category Archives: Economy

Volcker and a VAT

We’ve been informed by President Obama and his advisers that our country faces an economic struggle for a number of years to come, perhaps even a decade.  That warning was before Healthcare reform, before the US Environmental Protection Agency [EPA] … Continue reading

Posted in Economy, News of the day | Tagged , , , , , | 2 Comments

OPEC needs a lesson in economics

OPEC is announcing a cutback in oil production in an attempt to boost the price.  By making it less available they hope the market will drive the price up as buyers compete with each other.  That tactic works when demand … Continue reading

Posted in Economy, General, News of the day | Tagged , , | 2 Comments