milton friedman

Higher food prices, riots, shortages – what is going on?

Summary:  Many factors are driving up food prices, but the elephant in the room is global inflation. This explains why prices are rising throughout the entire commodity complex (energy, industrial materials, precious metals, agriculture).  Plus brief discussions of biofuels, long cycles of food prices, the role of government policy, and the likelihood of resource wars. “Global Market Brief: Food …

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