Wall St. For Main St., Released on 4/17/21
12-14 months ago we were told by food “experts” and deflationistas that food prices would only be up temporarily for a few months and would return to normal levels.
Prices Rising Faster Than Expected https://www.ntd.com/prices-rising-fas…
Get ready for higher grocery bills for the rest of the year https://www.nbcnews.com/news/amp/ncna…
However, commodities prices rallying a lot since mid 2020 say otherwise.
Governments and central banks have also flooded the global economy with many trillions in new currency and credit units since February 2020 and a lot of that capital has been horrendously misallocated into maintaining or growing the sizes of government, bailouts or asset price inflation with the Cantillon Effect instead of being invested to satisfy consumer demand for food and helping to lower food prices with new supply.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at http://www.jasonburack.com.