In the old days, oil in the US was mostly imported, so that wasn't the case: higher oil price meant just less money left for anything else, so economy could fall while prices rose (stagflation). Now, this is no longer the case, higher oil prices mean more money for everyone because US is a net exporter.
NeuraCryption•48m ago
Companies are bleeding cash on AI, Billions in commitment that no one can guarantee returns on and American Citizen's forced to invest into these companies via 401k, etc.
No one feels the pain of this more than the average consumer and the American middle class. Isn't this interesting, the world that is running on middle class is where they are the most neglected ones! Democracy they say.