Can Lower Oil Prices Cause a Recession?
By James Hamilton, Econbrowser
A drop in oil prices means less money in the hands of oil producers but more money in the hands of oil consumers.
By James Hamilton, Econbrowser
A drop in oil prices means less money in the hands of oil producers but more money in the hands of oil consumers.
By Alexander Ač, Cassandra's legacy
Given that City of Detroit has now officially filed for bankruptcy, it is worth looking at the bigger picture.