I Assert, You Decide
I had a quick spot on Fox Business on Wednesday. Go to this link and scroll down to find it.
(BTW, it's surprisingly difficult to know when the camera is first on you, and it's hard to maintain a big smile beforehand, with people all around the studio. So that's why I have the charisma of Al Gore in the beginning.)
posted by Bob Murphy @ 6:41 PM
5 Comments
5 Comments:
Good job. I especially liked how you explained the way an increased future supply would lower the current price. When Keith Olbermann interviewed Paul Krugman last night about McCain's energy plan he implied that offshore drilling would do nothing to help the current situation because it would be years before the oil would be extracted. Krugman didn't correct him.
It's funny but a lot of economists don't get this point. I didn't realize it myself until I came across an unpublished paper written by two economists from a few years ago on the impact of ANWR. (I'll see if I can get an online version of their paper...)
Nice job.
"I especially liked how you explained the way an increased future supply would lower the current price."
I thought this was exceptional in its insight.
Aww gee guys, I'm blushing.
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