How could we end up with a $10 tomato? The prices of tomatoes, potatoes, breakfast cereal and other commodities are generally kept fairly low because consumers control what they buy. No matter what we do in our current system of shopping, we will not see a $10 tomato until Obamanomics causes hyperinflation and we begin using tomatoes as currency.
(Click title to read full article)
When Gasoline is $100 per Gallon
-
Photo Credit:Gas pump
jlee via wikim cc4
Inflation, as Milton Friedman taught, is always and everywhere a monetary
phenomenon.
16 hours ago
No comments:
Post a Comment