James Leroy Wilson's blog

Thursday, December 18, 2008

The Quiet Revolution

Read my latest at the Partial Observer. Excerpt:
Only the people, by refusing to spend on what they don't need, can drive prices down. The price of oil may very well be too low right now, but the people are in no mood to seeing it rise. In the same sense, the government may try to jumpstart the economy through inflation and deficits, but if the people refuse to spend the newfound dollars circulating in the economy, prices won't rise.

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