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Inflation....
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<blockquote data-quote="DaveGrohl" data-source="post: 8722534" data-attributes="member: 3563"><p>The word "cost" always makes me smile. In this case (and previously) they invented huge amounts of money. Money printing isn’t new and it always ends in the same thing. That "new" money always devalues total money. And that new money still ends up somewhere. It’s not a "cost" as such, but it devalues itself. Whether it ends up in someone’s bank account or balance sheet makes no difference. What’s different this time is that it’s actually had an effect on food prices which has come as quite a shock to the first world countries. Meanwhile, the UK and US spend the lowest % of av income on food. That’s why we’re making the most noise…</p></blockquote><p></p>
[QUOTE="DaveGrohl, post: 8722534, member: 3563"] The word "cost" always makes me smile. In this case (and previously) they invented huge amounts of money. Money printing isn’t new and it always ends in the same thing. That "new" money always devalues total money. And that new money still ends up somewhere. It’s not a "cost" as such, but it devalues itself. Whether it ends up in someone’s bank account or balance sheet makes no difference. What’s different this time is that it’s actually had an effect on food prices which has come as quite a shock to the first world countries. Meanwhile, the UK and US spend the lowest % of av income on food. That’s why we’re making the most noise… [/QUOTE]
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