Tuesday, December 29, 2015

The state's income increases in 2015 in spite of, and actually because of the decline of the price of oil. . .

because it raised agricultural profits.

Cheaper fuel, and high cattle prices at the start of the year, gave a big boost to agricultural income.  So the state's income actually rose.

This obviously isn't expected to last, but it's an interesting illustration of cause and effect in the economy.

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