tag:blogger.com,1999:blog-7129333358952251907.post7282031927516814845..comments2023-10-14T06:07:31.331-07:00Comments on Sensible Simplicity: The Famine of 2009jaywfitzhttp://www.blogger.com/profile/16595735135764976764noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7129333358952251907.post-70531675697381447642008-12-12T18:46:00.000-08:002008-12-12T18:46:00.000-08:00That's a pretty good point.Case example: Zimbabwe ...That's a pretty good point.<BR/><BR/>Case example: Zimbabwe at the moment, where those few with wealth left have attempted to put their money in gold, and it simply cannot be had, at any price, in Zimbabwe's currency.<BR/><BR/>I can envision a scenario where certain things simply aren't for sale. At all.jaywfitzhttps://www.blogger.com/profile/16595735135764976764noreply@blogger.comtag:blogger.com,1999:blog-7129333358952251907.post-15730883970063354072008-12-12T10:59:00.000-08:002008-12-12T10:59:00.000-08:00What would be incredibly interesting, (not necesar...What would be incredibly interesting, (not necesarily "good") would be the de-coupling of "value" and "price". If food becomes actually scarce, it would be interesting to see if a person who can produce food (notice I didn't say "farmer")would be willing to sell for "money". People amassing huge fortunes might find it more difficult to weather these storms than they think.<BR/>j.jbshttps://www.blogger.com/profile/04595481298035125054noreply@blogger.comtag:blogger.com,1999:blog-7129333358952251907.post-75012773802867793092008-12-12T02:48:00.000-08:002008-12-12T02:48:00.000-08:00Yes, the discretionary factor is important as alwa...Yes, the discretionary factor is important as always. In the developed countries you could see higher than normal price increases and some mild shortages, but in places like sub-Saharan Africa it could be a whole different story. Limited resources will follow the money as usual.Dannyhttps://www.blogger.com/profile/17113894254473317380noreply@blogger.comtag:blogger.com,1999:blog-7129333358952251907.post-52854971826948037252008-12-11T19:12:00.000-08:002008-12-11T19:12:00.000-08:00or factor, rather than factory, of course. . .or factor, rather than factory, of course. . .jaywfitzhttps://www.blogger.com/profile/16595735135764976764noreply@blogger.comtag:blogger.com,1999:blog-7129333358952251907.post-41345534359037425522008-12-11T19:11:00.000-08:002008-12-11T19:11:00.000-08:00It all depends on whether you believe that the cur...It all depends on whether you believe that the current levels of food consumption have a large discretionary factory, and that supplies are elastic enough to cope. I think that's likely questionable.jaywfitzhttps://www.blogger.com/profile/16595735135764976764noreply@blogger.comtag:blogger.com,1999:blog-7129333358952251907.post-9353430634102506372008-12-11T03:57:00.000-08:002008-12-11T03:57:00.000-08:00I expect the global recession/slowdown will have a...I expect the global recession/slowdown will have a mitigating effect here. With less consumption supplies should build, prices should fall, etc. Same as we are seeing now with oil and gasoline prices. But of course, all this will be temporary. Once the economies start ramping up again .....Dannyhttps://www.blogger.com/profile/17113894254473317380noreply@blogger.com