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Don’t Blame the War for the Economy
http://www.almendron.com/ tribuna/ ?p=19568
By Martin Neil Baily, the director of the business initiative at the Brookings Institution and a chairman of the Council of Economic Advisers under President Bill Clinton (THE NEW YORK TIMES, 20/04/08): The war in Iraq and the poor state of the economy will probably be the deciding factors in November’s presidential election. Many voters view them as cause and effect. In fact, they are two very different messes. The economic case for linking the two is that war has reduced the global supply of oil and pushed its price over $100 a barrel, draining consumers’ pocketbooks and adding to inflation.
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