Greenspan

Michael Perelman michael at ecst.csuchico.edu
Sun Mar 19 21:49:22 PST 2000


During the fall in oil prices, I recall frequent references crediting oil prices with prosperity at the time. Recently, I have seen articles claiming it was irrelevant. Maybe I missed something important that changed since 86.

Doug Henwood wrote:


> Max Sawicky wrote:
>
> >oil is irrelevant
>
> Oh, now that's an interesting proposition. The oil price spikes of
> 73-74 and 79-80 were irrelevant? The collapse in oil prices in 86 was
> irrelevant? What would $3/gal gas do to the U.S. economy? U.S. life
> in general?
>
> Doug

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu



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