Food prices have risen for 11 consecutive months

ffreeloader

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Inflation of food prices is really gaining momentum as the rise in food prices world wide in April is the 11th consecutive month that this has happened.

I told you this was coming a year ago and it's here and showing no sign of slowing down. This is a 30+%e rise in one year. Meaning if you spent $500 a month a year ago on food you're now spending more than $650 a month. That's a lot of money for the poor to have pay extra each month. This is one of the hidden costs of lockdowns.

 
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JudgeRightly

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chair

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If I remember correctly, farmers had to toss millions of tons of food (ballpark estimate) because no one was buying it near mid-2020.

And THAT was because of lockdowns.

One can only imagine what kind of an effect that had..
That still doesn't connect lockdowns with food prices going up.
 

ok doser

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That still doesn't connect lockdowns with food prices going up.
Obviously you've never farmed. If you can't find your market in one year you don't go ahead and plant the same amount the next year. If you have to reduce your herd of dairy or pork or chicken because there is no market for your milk or bacon or eggs, you can't just magically create a new full size herd of cows or pigs or chicken. It takes time.

Supply and demand.
 

chair

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Obviously you've never farmed. If you can't find your market in one year you don't go ahead and plant the same amount the next year. If you have to reduce your herd of dairy or pork or chicken because there is no market for your milk or bacon or eggs, you can't just magically create a new full size herd of cows or pigs or chicken. It takes time.

Supply and demand.
Actually, I have farmed. Have you? There is definitely a problem in planning for an unreliable market. We see the same thing with the semiconductor industry. Is this the fault of the lockdowns? Or would something similar have happened without the lockdowns, as people took personal responsibility and stayed away from restaurants? Hard to say- unless you are looking for points to support your anti-lockdown view.
 

JudgeRightly

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We see the same thing with the semiconductor industry. Is this the fault of the lockdowns? Or would something similar have happened without the lockdowns, as people took personal responsibility and stayed away from restaurants?

Fault of the lockdowns? Indirectly, yes. More people staying at home for work means more people are realizing that their crappy 5- to 8-year-old laptop just isn't going to cut it for work, and so the majority of the world decided to upgrade. It also didn't help that Nvidia, and AMD, and now, to a somewhat lesser extent, Intel, decided to do what amounted to paper launches of their brand-new products,saying they had GPUs available when there wasn't enough stock to go around.

Without a lockdown, those who are healthy (which would be most people at any given point over the course of the initial wave) wouldn't stay home, because that's common sense, and how things have worked for the past several hundred years, and they may have considered upgrading, but probably would have decided that their laptop could hold out another year or so.

The drought in Taiwan doesn't help either, which cannot reasonably be blamed on the lockdowns.
 

Right Divider

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All sorts of things. Wars, for example. Or epidemics.
Some of you assume that without lockdowns there would be very little economic damage. Quite an assumption.
No, we do NOT assume that. But we KNOW that SHUTTING DOWN large parts of the economy will cause HUGE problems.

So now, our government is PRINTING MONEY to "solve" the problem that THEY CREATED.

Printing money is effectively STEALING from some and GIVING IT to others. They do that all the time, but now they are accelerating that evil process.
 

ffreeloader

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All sorts of things. Wars, for example. Or epidemics.
Some of you assume that without lockdowns there would be very little economic damage. Quite an assumption.
LOL. You have to be retarded on any and all financial matters. The lockdowns shut down the economy to a large extent. The government printed trillions of dollars of funny money as a response. That escalated the number of dollars in circulation. When the number of dollars circulating rises substantially without a substantial increase in the growth of the overall wealth the result is higher prices: called inflation for the economically insane.

So what was the root cause of this inflation? The lockdowns that shut down the economy and shrank the GDP while government increased the number of dollars in circulation. But, I guess you're too incapable of real thought to understand root causes.
 
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