
MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics
Macro Voices
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What Is the Total Spare Capacity of Opeck Plus?
It doesn't look right now like oil and gasolene prices, or really affecting consumer expectations on inflation. What is ati affecting consumer expectational inflations? Well, there it's the cost of a what's gone on on the logistical issues,. The fact that we're just not getting the stuff from china quickly enough. The cost of food. And i'm guilty of this, because i used to say while energy was really important to the economy. It seems to me like basically everything is fine until opeck runs out of spare capacity. And at that point, we don't have a back up plan. Am i right to be concerned about these things, or am i
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