June 07, 2008

Why Did the Dollar Drop and Oil Surge Yesterday?

Posted by Lew Rockwell at June 7, 2008 09:31 AM

As Ron Paul pointed out last night at the wonderful FFF conference on foreign policy and civil liberties, it's because of the latest threat to attack Iran. There are always the Fed's monetary debasement, the gas-guzzling wars, and taxes and restrictions on oil, of course. By the way, why are the frightening calls for energy autarky--that is, destruction of part of the division of labor--by McCain and the other neocons--never even controversial? Of course, protectionism and fascism have always gone hand in hand.


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