Reuters: Putin hiking wages and pensions

[Skip to the end] As suspected, the political response to high food prices is to assist with government funding. Yes, it’s inflationary, but politically there is little choice. In the case of a relatively rich exporter of energy like Russia, they are helping their citizens outbid poorer nations for food: Russia’s Putin promises to hike […]

Bloomberg: ‘Silent Famine’ as Food Soars

Seems they still think it is about money. Probably an actual shortage at this point. The political response will be to give people more funds to buy food that does not exist and drive prices ever higher. `Silent Famine’ as Food Soars, WFP Warns by Jason Gale and Paul Gordon (Bloomberg) A “silent famine” risks […]