Zan's Almanac
Letters Archives
I
enjoyed your blurb on the increasing prices of oil
and the possible
ramifications it carries. As
the price of oil continues to increase (and with it the price of a lot of other
things) it will
run the risk of bringing with it cost-push inflation (an increase in the price
level due to
increased production costs). However, this will most likely not affect nominal
or real interest ...more