Lower Oil Prices Are Unambiguously Good
The GOP should dare Obama to do more.
By Lawrence Kudlow, October 20, 2014
Steep stock market corrections often create shrouds of pessimism that do bad things to people's brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse, and rising unemployment.
I've been around for a while, and I've seldom heard such gibberish...