Who Pays The Tariffs?

As predicted, the steel industry has bellied up to the federal concession stand for all forms of relief and favors. The emotionally charged premise is that the steel industry is vital to our defense and economic strength. This same argument was successfully used by the airline industry several months ago. The line forms to the […]

OPEC, Oil, and Energy Economics 101

We are all familiar with pundits from all corners decrying our dependence on foreign oil. Before the oil embargo in the 70’s and subsequent attempts to wean ourselves from OPEC, we were importing about 25% of our oil and now we are importing over 50%. This is always accompanied by gloomy organ music playing in […]