October 1, 2002
by Robert Brent Toplin
Since the end of 2001, President George W. Bush has been rattling his saber in
the direction of Saddam Hussein, threatening war with Iraq. During this period,
oil prices have surged by 46 percent, and the U.S. economy, which had been showing
signs of recovery near the end of 2001, has become limp. The connection is significant.
In the current economic environment, talk about war is not cheap.
Alan Greenspan, chairman of the Federal Reserve Board, has observed an interesting
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