
MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics
Macro Voices
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Are Price Controls a Good Idea?
Inflation is far more important to central bankers than oil prices. Price controls are a terrible idea, but hedging of call options on crude and on crude oil has exaserte easperated the volatility of oil prices. i got into this business because my grandfather's good friend had been a senior official of of the in the roosevelt administration. And he told me all when i was in high school, all the problems were price controls. I cannot scream, but i don't, you don't want em now.
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