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| Keep in mind as you shove these "facts" down people's throats than many, many items in our lives are extremely cheaper today than they were 30 years ago, especially when adjusted for inflation. Examples: Consumer electronics, clothing, oh and don't forget that FARM MACHINERY is cheaper today, per unit of output, than it ever has been, even before an inflation adjustment. These are all examples of the efficiencies of our production systems. This is of course fueled by our Capitalistic system that provides a profit incentive. I am pretty sure there are quite a few farmers who have made a very good return on their equity since 1973. Obviously many went broke, but I doubt it has been much different than any other industry. The thought that Corn prices should keep up with inflation is a pure value judgement and has no economic basis.
Just my two cents... | |
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What's good for the goose is not good for the gander...
