The Impact of Oil… Greg Ip, WSJ

by Jim Colburn • Wednesday, February 21, 2018

The excellent Greg Ip, of the Wall Street Journal, suggests that the impact of oil on the American economy has flipped:

”The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated.”

Read the whole thing here:

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