Stumbling and Mumbling gets oil correct

He talks about how high oil prices cause unemployment, a subject keynesians prohibited in their censourship for three years. What does tell you about Keynes?  He prefered socialism even if it meant unemployment, as in the first stimulus which caused a rise in oil immports and today's rise in unemployment.  His post is a good read, and an indirect indictment against Romer and Obama. Implicit in his post is an affirmation of channel theory, rather then Keynes. He implies much of what I have said about oil prices causing a producer collapse.