06/11/15

Why Low Food Prices Hurt the Economy and the Poor

dollar menuFood in America is ridiculously cheap. According to this 2014 article in CA: A Cancer Journal for Clinicians, entitled Obesity and Economic Environments, “Americans are spending a smaller share of their income (or corresponding amount of effort) on food than any other society in history or anywhere else in the world, yet get more for it.

American politicians would argue that low food prices help the poor and the economy; the poor now rarely go hungry and the economy is boosted through higher sales and exports. At least that’s the theory, but it is an extremely short-sighted one. Continue reading