Yet another weird SF fan


I'm a mathematician, a libertarian, and a science-fiction fan. Common sense? What's that?

Go to first entry


 

Archives

<< current
 
E-mail address:
jhertzli AT ix DOT netcom DOT com


My Earthlink/Netcom Site

My Tweets

My other blogs
Small Sample Watch
XBM Graphics


The Former Four Horsemen of the Ablogalypse:
Someone who used to be sane (formerly War)
Someone who used to be serious (formerly Plague)
Rally 'round the President (formerly Famine)
Dr. Yes (formerly Death)

Interesting weblogs:
Back Off Government!
Bad Science
Blogblivion
Boing Boing
Debunkers Discussion Forum
Deep Space Bombardment
Depleted Cranium
Dr. Boli’s Celebrated Magazine.
EconLog
Foreign Dispatches
Good Math, Bad Math
Greenie Watch
The Hand Of Munger
Howard Lovy's NanoBot
Hyscience
Liberty's Torch
The Long View
My sister's blog
Neo Warmonger
Next Big Future
Out of Step Jew
Overcoming Bias
The Passing Parade
Peter Watts Newscrawl
Physics Geek
Pictures of Math
Poor Medical Student
Prolifeguy's take
The Raving Theist
RealityCarnival
Respectful Insolence
Sedenion
Seriously Science
Shtetl-Optimized
Slate Star Codex
The Speculist
The Technoptimist
TJIC
Tools of Renewal
XBM Graphics
Zoe Brain

Other interesting web sites:
Aspies For Freedom
Crank Dot Net
Day By Day
Dihydrogen Monoxide - DHMO Homepage
Fourmilab
Jewish Pro-Life Foundation
Libertarians for Life
The Mad Revisionist
Piled Higher and Deeper
Science, Pseudoscience, and Irrationalism
Sustainability of Human Progress


























Yet another weird SF fan
 

Thursday, May 15, 2008

It's Ba-ack!

I recently predicted:

Price increases will be attributed to greed. (I didn't know businessmen were so generous in the 1980s and 1990s.)
Meanwhile Ed Wallace offers The Reason for High Oil Prices:
It's not a supply crisis that explains the sharp spike in oil prices. It's unregulated commodities markets and greed
Isn't it amazing how strictly regulated markets were in the 1980s and 1990s? Isn't it even more amazing how generous businessmen were?
Commodities have often been the refuge for investors who have lost money on equities or fixed-income investments. Moreover, the commodities rush today is not limited to oil; now we also have runaway food and feed prices. Could it be that all the financial losses on subprime mortgages, plus the anticipation that the option ARM mortgages about to reset could be an even bigger problem, combined with the huge losses in securities last year, are why investment money today is flooding into often unregulated commodities, where the demand pricing of the final goods is inelastic?
In other words, it's not an increase in commodities; it's a decrease in the dollar.

I'm reminded of two classical quotes on high prices:

Thomas Marshall - “What this country needs is a good five-cent cigar.”

Franklin Pierce Adams - “There are plenty of good five-cent cigars in the country. The trouble is they cost a quarter. What this country needs is a good five-cent nickel.”

0 Comments:

Post a Comment

<< Home

 
Profiles
My Blogger Profile
eXTReMe Tracker X-treme Tracker

Site Meter
The Atom Feed This page is powered by Blogger.