They Can Print Money, But They Can’t Print Food
Whenever there is some sort of a major crisis, our politicians normally attempt to solve it by spending money. But in this case, that isn’t going to work. Our leaders can try to throw billions or even trillions of dollars at the global food crisis, and they may even convince themselves that they are making a difference. However, the truth is that they simply cannot create food out of thin air. As I discussed last week, we are facing a worldwide nightmare of epic proportions. Fertilizer prices have spiked to absurd levels, extremely bizarre weather patterns are playing havoc with crop production all over the planet, and the war in Ukraine has caused a growing supply crunch that will not be resolved any time soon. There simply is no “magic wand” that our politicians can wave that will make this problem go away. (Read More...)