Are Food Markets Really Failing?

One of the key demands in today’s divine intervention is that the government “act to investigate food markets that are failing.” Well, if you look at inflation-adjusted prices of corn, wheat and soybean over the last hundred years…

…it has actually been a hundred years of declining prices…

Via @csdrake

UPDATE: And food prices in real terms are still lower than they were in the 80s:

Hallelujah! 



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