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20 sats \ 5 replies \ @Undisciplined OP 27 Sep \ parent \ on: Prediction Realized: The Fed Opts for a Rate Cut | The Libertarian Institute econ
Maybe, which is fine with me, but I'd rather the Fed stop inflating away everyone's purchasing power.
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27 sats \ 4 replies \ @Satosora 27 Sep
Yes. Inflation wasnt as high before, but I seem to remember gas prices being 5$ a gallon.
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20 sats \ 3 replies \ @Undisciplined OP 27 Sep
There were higher prices at some points when oil supply has been disrupted or when demand spiked.
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40 sats \ 2 replies \ @Satosora 27 Sep
Is that what it was? Was supply really disrupted? Was that during the Iraq war?
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20 sats \ 1 reply \ @Undisciplined OP 27 Sep
The wars in Ukraine and Palestine have both caused supply disruptions in oil shipments.
Before that, there was a huge spike in demand caused by Europe badly overestimating what their renewable energy output would be.
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33 sats \ 0 replies \ @Satosora 27 Sep
If only we could figure stuff out. There are enough resources in the world to make everyone be alright.
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