Main Street 9

Just how would you raise prices if you were an oil supplier? Controlling the supply — as in the 1973 OPEC embargo — has become less effective with more sources of oil worldwide. And oil suppliers clearly cannot raise prices by controlling demand in the physical oil market; ultimately, they need to sell their oil, [...]

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Americans are feeling a lot more economic pain than the government’s official statistics would lead you to believe, according to a growing number of experts. They argue that figures for unemployment and inflation are being understated by the government. Unemployment and inflation are typically added together to come up with a so-called “Misery Index.” The [...]

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