What a f**king genius! Here we have a look at the next Nobel Prize in Economics winner's contribution to the advancement of not only the field, but humanity as a whole. Astounding!‘Eat Lentils, Poors!’
... Teresa Ghilarducci, ... explains that inflation, especially soaring gas prices, will do much less harm to Americans who earn more than $289,000 per year. For those near the median income of around $50,000, or less, decisions will be much harder...
“If your income is more than $289,000 a year, the run-up in gas prices may be alarming — but it’s unlikely to hammer your overall finances,” Ghilarducci wrote. “For those earning much less, it’s a different story.”
Ghilarducci’s suggestions included:
- taking public transportation instead of driving;
- buying and eating meat substitutes like lentils and vegetables;
- avoiding buying items in bulk;
- avoiding unnecessary charges; and
- avoiding medical expenses for pets
.....and there's coffee, spit all over my computer screen.....
With Russian and Ukraine combining to product 25% of the exported wheat in the world, anything made with wheat will go up in price. The US doesn't import their wheat, but the shortage will be felt world wide.
Yep. Stocked up on pasta.Right, but now it may be more profitable to export it. So price will rise for local use as well.
Yep. Stocked up on pasta.
Box of angel hair before Russia invaded - $1.29. After Russia invaded - $2.39. Not exactly a 25% increase.Well, I wouldn't go that far. A 25% increase in a $1.25 box of bow-tie noodles isn't going to break the bank.
t will happen. The wheat dealers will start selling American grain for the profit to other countries and the price of everything made with grain will go up and we will have shortages here.Right, but now it may be more profitable to export it. So price will rise for local use as well.
Wheat and wheat by products, such as flour, are in many other products.Well, I wouldn't go that far. A 25% increase in a $1.25 box of bow-tie noodles isn't going to break the bank.
Absolutely does. Since our wheat is planted in the fall for June harvest, we can't make changes to this years acreage. I think there will be some guys who planted wheat in the fall as a cover crop will end up harvesting that wheat this year instead because of higher commodity prices.So @TPD, do world events factor in what you plan to plant this year, or is it still corn and soybeans?
Not so sure it is ignorance or stupidity or just the chance to control Americans.It's stupidity as well as ignorance.