Commodities have been going absolutely ballistic for months, with the mainstream focusing more on oil and gas than anything else. Price increases in other commodities like wheat, beans, and rice, which have, for the most part, been subdued on the co…
Mark Thornton of the Mises Institute writes, “The price of everything seems to have skyrocketed. Only housing, the dollar and inflation-adjusted income are negative.”
I immediately interrupt to wittily say, “Well, housing is going down because …
[clip]
During the last food price crisis, the World Bank estimated that some 870 million people in developing countries were hungry or malnourished. The FAO estimates that number has increased to 925 million.
http://www.chinapost.com.tw/international…