Oh, OPEC, Really?

So early this spring – you probably heard – that both OPEC and Russia announced a massive oil supply cut, totaling 1.6 million barrels per day. This, of course, raises fears of a resurgence of inflation—and to no one’s surprise, oil prices jumped $7 a barrel on the news—as well as continued deterioration of the dollar’s status as the world’s reserve currency. If you’ve filled your car with gasoline lately, you’re still feeling the pain from these inflated gas prices and our government’s bad policies. So for today’s podcast, I found some radio addresses delivered in 1977 and 1979 – yes, by then Governor Reagan – with a perspective I think you’ll appreciate. If we are really serious about “words to live by,” it’s sad no one has paid enough attention to these commentaries. But, today we shall!