4 ms·
Not locking down in the US will not save the lives of children in Yemen
by thewarrior 6y ago
Not locking down in the US will not save the lives of children in Yemen
- bpodgursky 6y agoThis isn't true. The US threw away vast amount of food because of supply chain disruption, and a lot of raw production was interrupted. The US is a massive food exporter. If the price of soybean, or wheat, or pork goes up 15% internationally as a result of US supply disruptions, that doesn't starve any Americans, but it absolutely causes deaths in Yemen, which is already in the middle of a famine.
- nuclearnice1 6y agoYou’ll be happy to know that soybean and swine prices are at 10 year lows and wheat is up slightly but lower than a year ago. [1,2,3] I think your concern is real and well placed. When the economy is frozen for a pandemic, you have a demand shock and a supply shock, what happens to prices? I think this was genuinely unclear early in the pandemic. Interesting additional details here [4,5] [1] https://fred.stlouisfed.org/series/PSOYBUSDQ https://fred.stlouisfed.org/series/PSOYBUSDQ [2] https://fred.stlouisfed.org/series/PPORKUSDM https://fred.stlouisfed.org/series/PPORKUSDM [3] https://fred.stlouisfed.org/series/PWHEAMTUSDQ https://fred.stlouisfed.org/series/PWHEAMTUSDQ [4] https://www.bloomberg.com/amp/opinion/articles/2020-05-27/paul-krugman-is-pretty-upbeat-about-coronavirus-economic-recovery https://www.bloomberg.com/amp/opinion/articles/2020-05-27/pa... [5] https://mobile.twitter.com/paulkrugman/status/1241689422090944513?lang=en https://mobile.twitter.com/paulkrugman/status/12416894220909...