We are proud to say this article was published on Casey Research’s The Room this Friday. If you are not familiar with the work of Casey Research we suggest you check it out. Note; we use the conventional GDP typology as opposed to GDC, since readers unfamiliar with Bawerk.net will not recognize GDC as a term. ___________________________________ While…

On July 27th Prince Alwaleed bin Talal publicly opened Pandora’s Box, by releasing an open letter to the Saudi Minister of Petroleum, Mr Ali Al-Naimi, voicing his concerns about the longer-term implications on the Saudi economy of the US shale gas boom. The concerns are both real and relevant – in fact it is something…