Your posts read like someone who takes others words and try to use them without an understand of what you're even talking about.
Selling part of our reserve, as does other countries, puts more oil futures supply in the market, thus setting bring prices down. Supply and demand.
Supply side economics is a joke.
Stick to the subject.
Do you know he's dead? Been that way over 15 years. So, he missed the Great Recession and our current inflation.
evonomics.com
Unfortunately, this thinking falls apart on further inspection. The problem is that it treats inflation as a uniform rise in prices. That’s theoretically convenient, but empirically false. In the real world, inflation is wildly divergent. At the same time that the price of apples rises by 5%, the price of cars could grow by 50%, and the price of clothing might fall by 20%.
To understand inflation as it actually exists, we must look not to economics textbooks, but to real-world data.
Our oil production was not reduced and only increased. The oil market is a price set on the international level. If you were close to being correct, then oil prices would not have risen across the globe in Europe, Asian, Australia, South America and well, everywhere.
Selling part of our reserve, as does other countries, puts more oil futures supply in the market, thus setting bring prices down. Supply and demand.
Supply side economics is a joke.
Stick to the subject.
He's been proving wrong in the real world at least twice since he wrote that in the 1960s.
Do you know he's dead? Been that way over 15 years. So, he missed the Great Recession and our current inflation.
The Truth About Inflation: Why Milton Friedman Was Wrong, Again - Evonomics
As inflation fears return, it’s worth reminding ourselves of the real-world facts.
To understand inflation as it actually exists, we must look not to economics textbooks, but to real-world data.
