Mar 24, 2013
High Energy Prices = High Un-employment
We know based on some basic economic principles that increased regulations and taxes slow the economy down. I have postulated in my upcoming book that higher energy prices are an indicator of both high regulation and higher taxes and also correlate to higher unemployment. Now thanks to the Institute for Energy Research (IER) I can show the data. The IER recently published a study that included all the data that I needed. So I graphed un-employment against energy prices for 48 States from February of 2010. The trend is unmistakable.