Read More: Gas Prices, Oil Gas Price, Monetary Policy Oil, Oil Speculation Price, Federal Reserve Policy, Iran Oil Price, Fed Monetary Policy, Business News
If the country is faced with an impending spike in the price of its most important resource, the government's monetary authorities should be seeking to ameliorate or counteract its effect -- yet they're doing the exact opposite.
Nothing fluctuates daily in price like oil. All other businesses have some kind of sale celebrations going on periodically. Not when it comes to oil. And for whatever reason, we have accepted it.