Comments by "Greg Greg" (@SlowhandGreg) on "The U.S. economy is extremely strong: Blackstone's Byron Wien" video.

Government money is just a promise to pay note replacing the barter system the relative price off that note is set by the market
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@JeikuAnimeReview in 1980 oil prices rose to 107$ a barrel inflation was 10% in 2008 oil rose to an all time peak of 149$ inflation was 5.5% the economy was depressed by the banking crash otherwise it would have been double digits. Crude is going up again spot prices have been at a high of 85$ and inflation has crept up to 6.2% The current inflation rate given world commodity prices and a worldwide pandemic is about as good as you could get for the US economy The long term answer is to stop dependence on oil which Republicans and the fossil industry are fighting tooth and nail its like they want an economy that's tied to oil and let's be clear the medium trend would see 150$ a barrel there is little that the Republicans could do bar raise interest rates to 5/6% if there not addressing the underlying cause.
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@JeikuAnimeReview the US produces enough oil for domestic consumption and enough land leases for the next 30 years. EV adoption in Europe hit 20%+ of New car registrations Oil prices are only going one way
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