I found this a relatively

artappraiser — Wed, 30 Mar 2011 05:01:44 +0000

In reply to Food Inflation Kept Hidden in Smaller Bags

I found this a relatively understandable, i.e., plain English, explanation of why economist types have argued with you in the past regarding calling rising food prices inflation:

Why Rising Food and Fuel Prices Don't Mean Inflation

The expanding money supply isn't making everything more expensive

Daniel Indiviglio, The Atlantic, Mar 29 2011
http://www.theatlantic.com/business/archive/2011/03/is-it-inflation-or-a...

It's partly an issue of semantics--the colloquial meaning of "inflation" isn't the same as theirs--and their limited definition is important as far as possible remedies are concerned.

Food prices are rising partly

cmaukonen — Tue, 29 Mar 2011 13:58:29 +0000

In reply to Food Inflation Kept Hidden in Smaller Bags

Food prices are rising partly because, let’s not forget, China, unlike the US, does have inflation, with its money supply going through the roof. But much more than that they're rising because we have elected to kill off the principles of our own western economic systems, which were once supposed to be based on free market ideas, that dictate that success is rewarded and failure punished.

They have since come to resemble some kind of sophomore notion of Darwinianism, where the upper alpha rhino gets all the girls and the rest get none at all. And that in turn is supposed to pose as justice in human societies, whereas in reality it’s nothing but what happened in Bulgaria for decades.

The consequence is that the zombie money is now allowed to drive up food prices to levels which make sure that millions of people around the world will go hungry, and will revolt as a result of that. Blankfein, Dimon et al have long since realized that they can't maintain their velvet “God's work" thrones just by robbing Americans of all they're worth. Their losses are far too great. They need to have access to everyone's wealth all over the world.

And since oil and food are traded on international commodity markets, and they have gotten hold of all the money America is worth, and then some, they can play these markets as much as they want, whether it’s wheat or natural gas or gold. People like to claim that gold will rise as the US dollar becomes worth less, but they forget that it’s zombie money that has been buying gold, and that has thus lifted gold prices. Once daylight comes and the zombies are gone, there's only one way left to go for gold prices too.

So, once again, when will the zombie money see daylight?
http://www.businessinsider.com/zombie-money-tunisia-2011-1

This food is terrible ... and

Donal — Tue, 29 Mar 2011 12:43:08 +0000

In reply to Food Inflation Kept Hidden in Smaller Bags

This food is terrible ... and the portions are so small.

dagblog - Comments for "Food Inflation Kept Hidden in Smaller Bags"

I found this a relatively

Food prices are rising partly

This food is terrible ... and