I have talked before about the issues that could be facing the world’s food supplies before, but for the Wall Street Journal to advocate the stockpiling of food is kind of irresponsible. Here in California, I am already hearing stories on the news about grocery stores limiting how much of certain products (rice, bread, etc) that customers can buy – yes, we are being food rationed out here in some stores. But by encouraging food stockpiling, it will only drive prices even higher for these type of staple items…leading to even more shortages and even higher prices. I am concerned where this all will go, but I don’t think the WSJ needs to be feeding the flames at this point. Everyone is so afraid to call this period of time for what it is – A Recession. But yet they are not afraid to encourage hoarding food and rationing grocery stores? Something has to give here…it is either one or the other. We are either in a recession heading for a depression and we should be doing these types of things, or we aren’t and all is fine (according to President Bush, at least).
So which is it? Should I relax and know everything will fix itself, or do I need to go on a grain and rice buying frenzy? What do you think?