I see many people here really don’t understand economics.
[I see many people here really don’t understand economics.]
I’ll say. There have been some pretty ignorant statements. The price of gas is determined by three elements:
1) resource availability and price of extraction and transportation
2) government regulations and taxation
3) the monetary base as governed by the Federal reserve
No president has much control over number 1). However, I beleve Gingrich could positively affect number 2) and 3) making his promises obtainable.
I know you know this, it is for the ignorant masses.