Wednesday, June 13, 2007

Striking article on cause of the USSR's demise

Their economic collapse was largely brought on by the mid 80s drop in oil prices. Thanks Saudi Arabia! It's kinda funny, but I was living in Texas at the time, and the drop in oil prices caused all kinds of problems there. There were so many strip malls constructed near me that were completely without occupants. Houses wouldn't sell. Fortunately, we had plenty of grain.

Anyway, this puts in perspective a lot of the ridiculous claims that Ronald Reagan somehow brought down the USSR by running up our debt.

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