Conversation

Jon Askonas
@JonAskonas
True. I, a farmer, will just buy more fertilizer and plant more grains to take advantage of high price levels. Let me just take a big swig of coffee before I check fertilizer prices.
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Daniel
@growing_daniel
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Fun fact, when prices increase radically for a commodity it incentivizes everybody to produce that commodity and the price goes back down. That's why you always read doom and gloom stuff like this and the world never ends and you forget about it. twitter.com/BryanDeanWrigh…
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Jon Askonas
@JonAskonas
“We don’t have to worry about famine because food prices will reach a new long term equilibrium” is a hell of a take.
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Jon Askonas
@JonAskonas
You know some guy named “Adam Smith” wrote about the problem of the marginal cost of food for economic growth, but I don’t think they teach that part of Wealth of Nations in clown school.
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