Although I shouldn’t be surprised, it never ceases to amaze me how little the general public and now most politicians know about the economy. Even if you haven’t taken a single course, the idea of supply and demand is pretty basic. They tend to have an inverse relationship, i.e. when one goes up the other goes down. If its that simple, than why have two solutions for two very pressing problems completely ignored this obvious market fact.
First, illegal immigration. The number of undocumented immigrants in the
Second, gas prices. About a dozen of the Republican house members have been staged out over the last week pontificating on the need for Congress to lift the ban on off-shore oil drilling. They claim that this increased production of oil domestically will soften prices now, even though the first fruits of this drilling is years ahead in the future, if ever. One politician even claimed that the reason oil prices have recently fallen is because of their threats to expand
In other news, major congrats to the U.S. Men’s 4 x 100m relay team. We kicked the Frenchies’ butt. That’s what happens when you trash talk the