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This 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 fo

This 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 ago
You’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...