Thursday, June 12, 2008

Gas Prices Explode as the Dollar Falls -- So Why is this Happening?

This link goes to Whitley's Journal. This is a must read for anyone who wants to learn about what is going on in the economic sphere.

I believe Whitley is generally correct, although I dispute the dates- our de-industrialization probably began in the late 1970's, when President Carter started the deregulation trend, and the then Chairman of the Fed, Paul Volcker, spiked the interest rates up to about 22%. I remember well the talk on the news shows after Reagan came in- we were going to transition to a 'service-sector' economy.


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