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Food Slide Continues

Posted by jfleck on 28 November 2008, 9:06 am

I guess all of us eat, right? So the continued slide in the global price of food is a good thing, right? Economists have a model they call the “cobweb model“. It basicaly says that when the price drops, farmers plant less, there’s less food, and the price goes back up. So maybe not such a good thing next year?

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