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Oil became expensive because the Fed has been printing too much money.
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The Bank of Japan, now formally independent of the government, could also help by loosening monetary policy further (ie, by printing money) in order to oil the wheels of commerce and to seek to reverse the price deflation which is itself restraining consumption.
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De Kooning relished studio experiments, like mixing oil paint with water for puckered textures, or off-printing parts of wet paintings onto pages of the Times, making a mad science of beauty.
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In the late 1960s we began printing too many greenbacks, which resulted in inflation, sending commodities, including oil, upward.
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Gold and silver got a boost from a weaker U.S. dollar index and firmer crude oil prices, and from the bullish implications of the U.S. central bank printing more money in the coming months.
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