There was another story that year, which was, in two thousand ten, in the summer, there were wild flire fires around russia. This was another kind of narrative that fed into this quantitative, easy narrative that helped tosorof push up wheat, wheat prices. Inflation dint utco sky rocket as some on wall street feared it would. And likewise, the americans had a bumper crop crop that year. But we have basically a structure where certain countries have moved into exporting crops and als and so on, and importing a lot of food stuff. These tend to be very poor countries.
Rupert Russell and Isabella Weber discuss Russell's book Price Wars: How the Commodities Markets Made Our Chaotic World and also the current politics of inflation.
Listen to Weber discuss her book How China Escaped Shock Therapy: thedigradio.com/podcast/how-china-escaped-shock-therapy-w-isabella-weber/
Look at Rupert's precious puppy: twitter.com/rupert_russell/status/1511428696409837573?s=20&t=OPVNgfXuokFY6ZQYRkxe4g
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