Category Archives: Financial Implications

Our Energy and Debt Predicament in 2019

Posted on September 12, 2019 by

Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not functioning … Continue reading →

Posted in Financial Implications | Tagged , , , , | 528 Comments

Debunking ‘Lower Oil Supply Will Raise Prices’

Posted on August 22, 2019 by

We often hear the statement, “When oil supply is lower, oil prices will rise because of scarcity.” Now, we are getting to see firsthand whether oil prices really do rise, as oil supplies become more scarce. Figure 1 shows that … Continue reading →

Posted in Financial Implications | Tagged , , , , | 1,469 Comments

Why stimulus can’t fix our energy problems

Posted on July 10, 2019 by

Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook: There is no substitute for energy. It is possible to harness energy … Continue reading →

Posted in Financial Implications | Tagged , , , , | 880 Comments

Seven Reasons Why We Should Not Depend on Imported Goods from China

Posted on June 12, 2019 by

It seems to me that the situation in China is far different from what most people think it is. Even if we would like to depend on China, we really cannot. Reason 1. When we depend on goods from China, … Continue reading →

Posted in Financial Implications | Tagged , , , | 890 Comments

Why it (sort of) makes sense for the US to impose tariffs

Posted on May 22, 2019 by

Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?” As long as the world economy is growing rapidly, it makes sense for countries to cooperate with … Continue reading →

Posted in Financial Implications | Tagged , , , , | 1,341 Comments