To: 4yearlurker; Tax-chick
I’m right there with you as well. Also, the ‘broken window fallacy’ comes to mind here. While the oil industry may lose jobs (at least temporarily), consumers have more money to spend elsewhere, supporting or increasing jobs in other industries. Thanks ECON 101.
58 posted on
08/02/2016 5:48:12 AM PDT by
Mich Patriot
("The problem with quotes found on the Internet is they are often not true." - Abraham Lincoln)
To: Mich Patriot
consumers have more money to spend elsewhere, supporting or increasing jobs in other industriesExactly. For some reason, people act as if there's never been an oil glut before. I've lived through at least four. Jobs are lost and real estate crashes in some places, while prices fall and jobs increase in other areas.
82 posted on
08/02/2016 7:26:55 AM PDT by
Tax-chick
(The coming of a Cthulhu presidency will be heralded by a worldwide wave of madness.)
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