Wrotes Matt Housey: “Paul van Eeden has just given the folks at CNBC an economic lesson as to why the price of oil is $130/barrel. “He states that 90% of oil’s price increase is due to monetary inflation. Of course, Steve Liesman (whose name I just realized is the combination of the words ‘lies’ and ‘man’), the economic buffoon that he is, states that we should have an increase in the money supply as the economy grows. Eeden reiterates the money supply’s affect on the price of oil and other commodities. Liesman then states that we have not seen the … Continue reading Monetary Truth on CNBC