Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:

With oil at those prices, I would expect high inflation.  In part we would see a start to an economic shakedown where practices that require lots of energy (shipping food long distances, for example) will simply no longer be viable.

When I saw Deffeyes speak, he kidded about learning to like to eat turnips and potatoes.

by ericy on Sun Jan 22nd, 2006 at 08:48:07 PM EST
[ Parent ]
I like turnips and radishes...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Jan 23rd, 2006 at 05:38:29 AM EST
[ Parent ]

Display:

Occasional Series