Open Thread

April 25th, 2008 9:50 AM

For general discussion and debate. Possible talking point: WSJ advocating the stockpiling of food?

Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster...Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math.

Does this make sense? If people really do this, want it compound the problem? Is the Journal being responsible advocating this? Doesn't this add to the bubblish look of this grains price rise?