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re: Protectionism is not the answer
Posted on 2/24/17 at 11:40 am to buckeye_vol
Posted on 2/24/17 at 11:40 am to buckeye_vol
OPEC and Carter are very good examples of why government interference with markets are a bad idea.
No way the OPEC embargo would have had any impact on US supply had price caps initiated by Nixon and continued by Carter not been in place.
Reagan ended them his first month in office and no embargo has been successful since. They can't even collude effectively to raise oil prices any more.
No way the OPEC embargo would have had any impact on US supply had price caps initiated by Nixon and continued by Carter not been in place.
Reagan ended them his first month in office and no embargo has been successful since. They can't even collude effectively to raise oil prices any more.
This post was edited on 2/24/17 at 11:42 am
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