The energy price version of “this time it’s different”

Michael Giberson David Wessel’s economics column at the Wall Street Journal takes a look at an IMF analysis of commodities prices since 1973. In the process, he makes an odd claim about energy prices. Wessel writes: To help distinguish temporary trends from long-lasting ones, International Monetary Fund economists recently charted the inflation-adjusted prices of four … More The energy price version of “this time it’s different”