How many times have we heard that oil prices and inflation are increasing the cost of governments’ borrowing?  How many times have we heard that this is because of events in the Strait of Hormuz? 

You may be surprised, or not, to discover that they are not telling you the full story.

Oil prices and inflation are proximate causes, economist Peter C. Earle says. The real problem began several years ago during the so-called covid pandemic. [Read More]