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Oil's Golden Rule

Summary:
For decades, oil has traded at a rate of about 15 barrels for one ounce of gold. Bruce Yandle says that we should continue to pay attention to this "golden rule."

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For decades, oil has traded at a rate of about 15 barrels for one ounce of gold. Bruce Yandle says that we should continue to pay attention to this "golden rule."

Bruce Yandle
Bruce Yandle is a distinguished Mercatus Center adjunct professor of economics at George Mason University. He specializes in public choice, regulation, and free-market environmentalism. Yandle frequently briefs Capitol Hill policymakers on economic issues and lectures regularly in Mercatus programs for House and Senate staffers.

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