Archive for July 17th, 2008
The Psychology of Economics
Our post the other day mentioned how lifting the offshore oil drilling ban could drop oil prices purely from the psychological effect on speculators. Recently McCain even said that the gas tax holiday and lifting the drilling ban would have mainly “psychological benefits”. So just how far can these psychological effects go?
This is a ridiculously [...]
Posted: July 17th, 2008 under McCain, Oil.
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