March 09, 2010

Food and Transportation prices rising=permanent recession

From the Oil Drum/by Brian Gordon:
If all food approaches the price of organic food, everyone not currently buying organic will see their food budget increase proportionally. As food is a necessity, cutbacks will be made elsewhere. Entertainment, purchases of non-necessities, etc. will decline, reducing jobs in those sectors.

http://www.theoildrum.com/node/6268

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