[PEN-L:1836] Prayin' for a warm Winter

Michael Perelman michael at ecst.csuchico.edu
Tue Sep 12 19:30:41 PDT 2000

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An oil shock would not be considered inflationary. Back in 73 the Fed wisely refrained from raising rates, but chose to accommodate the oil shock.

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