Monday, June 13, 2011

$4 gas and the New Normal

Is $4 Per Gallon the New 'Normal' for Gas?
Wall Street Journal (blog)
By Jonathan Welsh I sensed a measure of anxiety among drivers during late winter and early spring as the nationwide average price for a gallon of regular gasoline rose past $3.50 and moved steadily toward $4. Then there was relief about a month ago ...
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Spare Me the “Middle Ground” Please!
Firedoglake
I perceive some MMT proponents to be trying to reframe an extraordinary period in American history – a time of historically-high government deficits and debt, but historically-low interest rates for government borrowing – as the “new normal,” in a way ...
What's your New Normal? (post comments below)

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