Academic

EGYPT AND THE GROWING PROBLEM OF GLOBAL INFLATION. ?So the next time someone tells you that the US ?

By Glenn Reynolds

EGYPT AND THE GROWING PROBLEM OF GLOBAL INFLATION. “So the next time someone tells you that the US Dollar and the policy that backs it doesn’t matter to the price of the Number One food staple for 3 billion of the world’s people (rice), forward them the math. Risk managers like me wouldn’t be perpetuating higher food prices by trading them with a bullish bias if we didn’t fully expect American policy makers to let its currency burn.”

Full post as published by Instapundit.com on February 03, 2011 (boomark / email).