The Elephant in the Barrel - 08.12.06 - by Bret Swanson

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10/12/2008

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The Fed's easy money policy of 2003-2006 inflated the oil, housing, and credit bubbles, unleashing financial chaos around the globe. Failing to und... (More) The Fed's easy money policy of 2003-2006 inflated the oil, housing, and credit bubbles, unleashing financial chaos around the globe. Failing to understand the root of high oil prices will lead to bad energy and economic policy. (Less)