As I think back to major economic catastrophes of the last 40 years, I am having a hard time finding any tell-tale trace of bicycle tire tracks. On the contrary, my recollection of significant recent economic crises is that they are invariably caused by our predeliction for foreign oil - the 1973/74 oil embargo; 1988 oil crisis; 2008 gas price increases quickly followed by the mortgage and foreclosure crisis that piled unsustainable housing costs on top of budget-busting suburban commuting costs. (Click here to read more)
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