During our previous discussion on historic, predictable and purposeful food inflation, on August 13th CTH noted “ BigAg has likely already made deals for increases in government welfare payments (EBT and Foodstamps, WIC etc.). BigAg lobbies congress for higher reimbursement rates so they can raise the prices of food and export domestic product to other nations. Food assistance payments increase, and BigAg benefits. In essence, BigAg takes the fed food subsidies and fattens their profit margin. Then, they payback the politicians. It’s a circle of money. “…. If you know how the game is rigged, it’s actually easy to predict the background. Today, exactly on cue, several media outlets are now reporting that Joe Biden is going to increase the amount of food stamp assistance by 25% per recipient, and expand the program.
New York Times – WASHINGTON — The Biden administration has revised the nutrition standards of the […]
We Often Feel Like David Taking on Giants
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