Thứ Ba, 21 tháng 8, 2012

Which is more important: a jamoke from Missouri saying something stupid or skyrocketing food prices?

Tyler Durden challenges us to "spot the similarity":


Why is this so troubling? As Monty Guild explains:

Drought, bad crop data, and rising grain prices around the globe have put food inflation on the front pages, raising alarm in many circles. Consumers are concerned, food producers are concerned, businesses are concerned, and governments are concerned. While food may not be a huge percentage of the daily budget for those in the developed world, it is in the lesser developed countries. Food inflation can erode the standard of living in the emerging economics rapidly and when food prices go up too much, governments fall.

Of course, the completely un-politicized (*cough* *wheeze*) Bureau of Labor Statistics insists that the Consumer Price Index (CPI) remains unchanged.

It should come as no surprise. They're also gaming the unemployment rate.

Shhh... no one tell vintage media. They've got water to carry.


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