It would be funny if it weren't so sad.
1 posted on
09/17/2010 12:02:29 PM PDT by
Razzz42
To: Razzz42
To: Razzz42
Why the hell didn’t the poultry and livestock interests sock this ethanol crap back when the worldwide devastation could have been stopped?
Big Agribusiness is hardly a single entity. Where was Tyson’s Food and that gang three years ago? Don’t they have any influence?
3 posted on
09/17/2010 12:06:26 PM PDT by
sinanju
To: Razzz42
Inflation and hyperinflation are not "triggered" by anything. They are simply the creation of more money than can be absorbed by the economy- rising quantities of money chasing steady or even falling amounts of goods which is not a condition that happens suddenly, thus "trigger" is not an appropriate characterization. Sudden extreme universal rises in nominal prices can be "triggered" but the rising of prices is NOT itself inflation. It can be, and general price rises are, indeed, effects of inflation but they are not inflation.
5 posted on
09/17/2010 3:34:38 PM PDT by
arthurus
(Read Hazlitt's "Economics In One Lesson.")
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