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The cost of food is not only tied to supply/demand but also the value of the dollar. The longer the US prints money and monitizes its debt the less a dollar will buy.
Luckily the sheeple don't seem to understand that food is left out of inflation calculations or they wouldn't believe the sunshine being blown up the posterior about the economy by this administration.
Exactly.
Lets see...cheaper dollars = food price inflation, future food shortages, oil getting more expensive, people in debt and unemployed all over, more expensive healthcare, college education etc,
Lets see...cheaper dollars = food price inflation, future food shortages, oil getting more expensive, people in debt and unemployed all over, more expensive healthcare, college education etc,
I couldn't tell if you were serious or not. I see many conservatives blaming the FED for for prices going up, which has nothing to do the FED or is even anything they could control.
Monitary policy most certainly affects inflation/stagnation/deflation. While not the sole determinant it does absolutely play a role, a large one at that.
No, higher demand, poor harvests, bad weather and improper use of food crops for non-food purposes (like ethanol and bio-fuels) causes food price inflation.
You want to blame Bernanke for that? Yeah, okay, whatever.
We need a special Doom & Gloom Apocalypse Now Armageddon It smilie just for people like you.
When you have Real Inflation, caused by currency issues, the price of everything rises, and yes, that includes wages, salaries, benefits, bonuses, holiday pay, sick pay, houses, cars, fuel, health care, clothing, cosmetics, jewelry, tickets for sporting events, concerts, shows, all electronics, all building materials, everything thing you see and everything you touch.
If the demand for all those material things are down, and the demand for food stays the same, then you can still have inflation in food.
There should be some charts to show the demand for various goods overtime.
I'll get back tomorrow on this.
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