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Marc F. Bellemare Posts

Does the WSJ Want You to Think Speculation Caused Rising Food Prices?

Apparently:

“While prices of many agricultural commodities have soared, farmers received just 7.49 cents for a pound of onions in April, down from 29.9 cents a year ago, in part due to a big harvest. Futures trading in onions — unlike other farm goods — is banned, which prevents the pungent bulb from being used as an investment vehicle.”

The syllogism apparently goes: