Quote:
Originally Posted by Nirvana
The reason food prices are so high is because of ethanol subsidies period.
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A serious and yet unnoticed problem. Eliminate a product that has almost no purpose. And farmland prices take a tumble. We have created a large industry that increases GDP while doing almost nothing productive. The resulting cash flow typically enrich Wall Street types - resulting in a future economic downturn suffered by others.
Generally, products remains at similar prices when inflation is considered. For example, an upscale car in 1969 might be $4500. With inflation that is $30,000 today. A loaf of bread in 1950 was $0.14. Today it should cost $1.35. So why is bread 85% higher?