Couldn’t be monetary policy.
Rising wholesale prices spur inflation concerns
There’s no inflation in the US, though.
According to someone who can’t figure out how to use TurboTax, the inflation is in China.
Geithner: Chinese Inflation Helping U.S. Compete
Unfortunately, that would appear to be contributing to rising food prices.
As Speculative Bullish Bets Surge, Is Rice The Next Silver
In Taiwan, they’re taking direct action.
Prosecutors Office vows to crack down on food hoarding
In the US, where there is no inflation, preparations are being made for seizure of
alternative currencies… the hoardings of greedy capitalists… inedible commodities.
That will make it easier to recycle some of FDR’s executive orders:
No, it couldn’t be monetary policy that causes people to shift savings from fiat currency to commodities and alternative forms of money. It couldn’t be government printing presses that promote food inflation.
Therefore, you are required to hold on to your dollars until the dollar bubble bursts. If you don’t, we’ll take your stuff and give you US dollar denominated food stamps in exchange.
The Agricultural Adjustment Administration’s Ever-Normal Granary accepts US dollars and food stamps. To avoid disappointment, check exchange rates before entering the queue.
Agricultural Adjustment Administration, USDA, c. 1936.
Source: Special Collections, National Agricultural Library