> You cannot lower inflation by interest rates when it is caused by rising oil and ferilizer prices.
Sure you can. Make it expensive to finance buying oil and fertilizer and demand for them reduces.
Sure you can. Make it expensive to finance buying oil and fertilizer and demand for them reduces.
Starvation in the US is highly unlikely. The country's farmers produce far in excess of what's needed to feed the population. Other countries are not so lucky and they are already facing hard times.
World-wide, accounting for every person vs every calorie, starvation has been a pricing and distribution problem for decades, not a "We don't have enough calories world-wide to feed everyone" problem. I agree with your overall point, but I don't believe "US farmers grow enough to feed the American people" the best supporting evidence.
Every city and town has food banks, community kitchens, places of worship with free meals for those in need. They'll need a lot more funding, and hopefully they get it. It'll be rough. But actual starvation, as in dying due to not enough calories, is highly unlikely.
This is exactly my point: while we agree that starvation is extremely unlikely, the problem is not raw caloric output. Stating in your earlier comment, "the country's farmers produce far in excess of what's needed to feed the population", is like saying the sun outputs enough energy to grow the crops, in that neither was really the problem in the first place. A major weak point though is funding, and financial support from, for example, the government.
Starvation in the US is beyond rare. "American farmers produce enough to keep everyone fed" is weak supporting evidence of that statement.
I said that because the person I responded to claimed higher fertilizer prices would result in starvation. Presumably because there would be less food grown.
> Starvation in the US is beyond rare
Any sources? I'd love to learn.
I don't mean malnutrition, or food deserts, or food insecurity, all of which exist.
I already wrote that in my earlier response to you. https://news.ycombinator.com/item?id=50089884
I can't say why, but I blanked on this being the rationale for your reasoning. I gave you way less credit than you deserved there, my bad