Oil at $1,000 per Barrel? I Call BS

I really like Suitably Flip's blog. He's a smart guy that likes to debunk freaking-out moonbats. Ok, so he really just likes to refute BS with smart economics and LOGIC.

Check out the latest post on the upward trend in oil prices. I'm with him; 20% interest rates in the 80's eventually came tumbling to earth; so will oil prices.

Being an Economics major in college, I really like his down-to-earth examples. But I REALLY like his animated graphics. Like this:

Now if we could just get a good example for the velocity of money.

H/T Suitably Flip