“Perhaps central bankers are like potted plants, able to subsist on little more than water and sunlight. That would help explain Federal Reserve Chairman Ben Bernanke’s statement Thursday that — rising commodity prices notwithstanding — overall inflation remains “quite low.” As for folks who eat food, well, global food prices hit an all-time high last month, in both nominal and inflation-adjusted terms, according to the U.N.” Read more.
“Why Global Food Price Inflation Really Matters”
Dan Burrows
Daily Finance, February 4, 2011.
Image by africa / FreeDigitalPhotos.net.
