November 2, 2015
This is my favorite piece of the week! Last week the U.S. government agreed in a bipartisan compromise to schedule the sale of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to increase cash flow into the general treasury fund to pay for some expenses. In my latest article for Seeking Alpha I explain why, in my opinion, the sale amounts to a pimple on an elephant’s ass in terms of the national debt and is a typical dangerous political move by politicians as explained by the great comedic economist Marx.
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