Letter Re: Why Food Prices are Soaring
Jim I enjoy your books (have bought two for others as gifts) and blog site. I came across this article [from Canada] describing another unintended consequence of the extreme liquidity the Fed is using to prop up our housing market/economy- high food prices. Aside from the new ‘miracle’ fuel – ethanol – our government policies are eroding our purchasing power in every sector of our lives. Here is an excerpt from the article: “After steamrolling through a laundry list of base metals, then oil and gas, the global commodity boom is finally hitting us in the gut: at the supermarket …