frytownfarmer - 8/7/2017 15:51
Johannes remember we are not trying to find corn or beans perceived true value but instead the price of corn. We now grow 200+ bu corn... back in the 70s it was what? 80?
Is that "cornflation"?
Lol! Your charts only have two variables.... one is time on the X axis and one is price on the Y axis....
I'm merely suggesting to you that the price function on the long term charts may not be an accurate representation of price because of the deleterious effects of inflation. Maybe Dr Andrews addresses this? Maybe he didn't care? I don't know. That's why I asked the question.
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I don't know....
