Utterly Meaningless » Blog Archive » CLUELESS QOTD

    Filed at 6:51 am under by dcobranchi

    On how falling oil prices might affect inflation:

    “That argument is wrong,” says Brian Wesbury, chief economist with First Trust Portfolios, an asset-management firm. “As people spend less to drive to the golf course, they will spend the extra money on golf clubs or other products.

    Yes. And it will take fewer dollars to fill the tanks in the yachts. Why, I might just have enough left over to go buy a Caribbean island.

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