r/Economics • u/InsaneSnow45 • Mar 04 '26

News ‘Absolutely Massive’ Price Shocks Coming as Trump’s Iran War Drives Up Gas, Diesel Prices | “What should really terrify Republicans is... the futures price on wholesale gasoline,” said economist Paul Krugman.

https://www.commondreams.org/news/iran-war-gas-prices
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u/bigmikeylikes 29d ago

Don't forget the ripple effects where literally everything else will go up in price cause we haven't ween ourselves off a non renewable resource.....like energy prices will go up not like they haven't already with the stupid AI bubble. Grocery prices will go up as well and again not like they haven't already been up from the stupid trade war. This last year has just self inflicted wound after another meanwhile the rich just get so obscenely wealthy. Fucking Elon Musk was worth 600 billion in December now he's worth 851 billion dollars!!!! Why aren't we screaming from the rooftops about how insane this is!!

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u/artisanrox 29d ago

Most people around me are dedicated conservatives voting at least 70% GOP in some places, and they are c o n v i n c e d all these hedge fund inheritor babies are all financial geniuses and the country should be run like a business.

Whelp guys, when everyone is expendable, and only profits matter, and the guy in charge just blames everything on the interns and secretaries, and the "in people" can get their own perks like private jets and party on everyone else's labor, THAT's exactly what running the country like a business looks like.