If you really want to get a European politician wound up, try suggesting that, in the 21st century, human civilization has progressed to the point that we need not be at the mercy of the elements; if the temperature outside is uncomfortable, we can adjust the climate in our homes and businesses to our taste. That will get you a stuffy lecture about the virtues of suffering for the good of the planet. Well, unless powerful people are being inconvenienced; then the air conditioning comes on. You are reading The Rattler from J.D. Tuccille and Reason. Get more of J.D.’s…

“That’s when the deflationary impulse from falling oil prices should remind everyone that the Fed isn’t going to hike and that – if anything – the next move will be a cut,” Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, said in a report. If the currency’s strength is under question, then the barrier to bitcoin rising further also looks weaker. The two are known to be inversely correlated.Some observers, however, are calling for caution, saying the market is overestimating the impact of oil prices on inflation. Elevated price…

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