The Mudcat Café TM
Thread #97524   Message #1923312
Posted By: Ron Davies
31-Dec-06 - 01:47 PM
Thread Name: Obit: President Gerald R. Ford, Dec. 26, 2006
Subject: RE: Obit: President Gerald R. Ford, Dec. 26, 2006
Slag--

You must enjoy hair-splitting. There's a future in teaching philosophy for you.

OPEC decided to cut production. That caused a shortage. Obviously they co-ordinate together--or at least did in the 70's.

But the shortage--caused by their decision--was real. Sorry if you don't like it.

At least you acknowledge the existence of OPEC--and don't think it's just Big Oil causing an artificial shortage--or do you?

Inquiring minds want to know.

I'd also like to know precisely what if anything you disagree with as to my economic history of the 70's. Are you one of the giant brains who think Reagan whipped inflation all on his little lonesome? Or are you willing to give credit to Carter for putting Volcker in as head of the Fed?   Or is this all too complicated for you?