April 22, 2008 11:51AM By Cody Willard
Let’s put this into the real world now. Let’s say you’re a grandma at home and you’ve lived cautiously your whole life and you own your home outright and you’ve got a fixed income that you’re living on. Suddenly, your dollar’s worth half a bag of rice instead of being worth a whole bag of rice because the Fed’s printing money for everybody who’s speculated on a mortgage, levered up on their credit cards, or works for a bank, especially an investment bank.
UPDATE
Is biofuel responsible for the global food crisis?
