Hi Everyone,
I have been working on a couple of larger projects recently, which is why there have not been as many updates. Both are pretty exciting, and I am looking forward to sharing them with you shortly.
If you know someone who you think would enjoy the blog, please consider giving them a gift subscription!
In the meantime, here are a few “greatest hits” which I hope are good examples of what this blog offers - a historical perspective on economics and democracy that also helps us inform and course correct today:
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And this final story - which should really be one of the most important political stories of the year - the fact that U.S. oil producers effectively decided to join with OPEC and fix oil prices, leading to record profits in the U.S. and Canada.
The record profits drove up inflation across the U.S. and Canada - about a quarter of all inflation. The cost per Canadian was over $4,000 over two years.
The funds went to shareholders and to pay off debt, not to invest in new production - which means that folks in the oil industry - workers, truckers, suppliers, manufacturers - didn’t share in the cartel-generated windfall, which was over $100-billion in a single year.
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Thank you for your support!
Dougald