“Lower the price of burger and people will eat more of it. But food in total is not elastic. There is really no substitute for calories… There are countless fragilities within our agricultural production, purchasing, processing and distribution system. And remember, food is inelastic. The destruction of [civil] order does not require a 70% reduction in calories. It requires that five percent of the population receive 10% less than they need.” – The Eaton Rapids Joe blog
The Editors’ Quote of the Day:
