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Economic and environmental consequences of expensive oil

What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints…

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Business Party II slithers by Business Party I

Now that Barack Obama has been hanging out in the Oval Office for a whopping two weeks, he’s starting to show his true colors. Turns out those colors aren’t bright blue. They’re purple, with a red tinge. Obama has bought into the Calvin Coolidge notion that, “The business of America is business.”

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