Crude Oil Prices Are Set On The Global Market, And That Determines Gasoline Prices

Inflation is being driven by certain sectors of the economy, for the purposes of this post, we will look at energy costs. The U.S. Energy Information Administration says “Crude oil prices are determined by global supply and demand,” rather than supplies available in localized or regional markets. Importantly, “Geopolitical events and severe weather that disrupt … Read more

Paul Krugman: ‘Mr. Biden, Your Good Economy Won’t Sell Itself’

It’s “Morning In America” again, people. Accept that there is good news and allow yourself to feel good about it. Stop being “nattering nabobs of negativity” and wallowing in Covid Hell self-pity. Brighter days lie ahead, Bunky. Nobel Prize winning economist Paul Krugman has good advice for the Biden admnistration today which they would be … Read more

Making Sense Of The Economics Misinformation I Read In The Newspapers

The corporate media “gatekeepers,” i.e., the New York Times and the Washington Post, are really failing the American people with their both-siderism model of editorial opinions, what Fox News used to laughably advertise itself as “fair and balanced.” There is right and wrong. How about we try that for a change? The Washington Post employs … Read more

There is Bipartisanship in Washington D.C. ; Unfortunately it does not Include Build Back Better or Voting Rights

Apparently, small ball is just as prevalent in Washington D.C. as it is in baseball. While the big headline bills of Build Back Better, increased voting rights, immigration reform, and justice reform languish (for now,) other less “controversial” (to Republicans) and vitally important bills are garnering widespread support. According to reporting by NBC News, Congress … Read more