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Wow. Just a few Kms across the Mediterranean, Pasta sells for around 0.29€/kg. Also, this is the "favorite?" food for people who have tight incomes, so they mig
by csomar 5y ago
Wow. Just a few Kms across the Mediterranean, Pasta sells for around 0.29€/kg. Also, this is the "favorite?" food for people who have tight incomes, so they might be very sensitive to these changes.
> Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021.
It's only a matter of time it spreads to the rest of the basket. I guess the pro-MMT folks are hiding now.
- giuliomagnifico 5y agoA Barilla box usually is about 0,8-1€ but half a kilo in Italy. There’re cheaper brands but also more expensive. I don’t think you will find a box of 0.5kg of pasta at 0.15€ in Europe. Maybe you’re getting confused between a box (half a kilo) and a kilo of pasta.
- csomar 5y agoNo I meant Tunisia, which is quite close to Italy.
- giuliomagnifico 5y agoOh okay but is not Europe =]
- csomar 5y agoI'm not sure, but I don't think I mentioned it's in Europe. Just across the Italy.
- ukblewis 5y agoMaybe not 0.15 and maybe not half a kilo but a whole kilo for 40p (approx 0.47 euro) is certainly cheap: https://www.sainsburys.co.uk/gol-ui/Product/hubbards-foodstore-spaghetti-1kg https://www.sainsburys.co.uk/gol-ui/Product/hubbards-foodsto... Not saying that it’s equivalent quality to Barilla but it’s definitely much cheaper
- giuliomagnifico 5y agoCheaper brands also in Italy are sold for 0,50-60€/kg but not the best, that are about 1,5-2€ for a kg Barilla 1,6€ https://www.carrefour.it/p/barilla-tortiglioni-n%C2%B083-1kg/8076800105834.html https://www.carrefour.it/p/barilla-tortiglioni-n%C2%B083-1kg... Brand not famous 0,7€: https://www.carrefour.it/p/pasta-reggia-48.-fusilli-1-kg/8008857310480.html https://www.carrefour.it/p/pasta-reggia-48.-fusilli-1-kg/800... But the price can be very different if you want a top pasta
- mmarq 5y agoBarilla is good but is not the highest quality brand, it is the most famous because of ads. De Cecco is better and slightly cheaper (I checked your link), possibly because they spend less in ad campaigns (and maybe in packaging?).
- giuliomagnifico 5y agoYes I agree, also Pasta Voiello is a good one (and La Molisiana), I’m using Barilla as example because it’s the most famous. Anyway other best brands ar usually on the same price as Barilla, or slightly more expensive.
- the-dude 5y agoBarilla box @ 500g is €1,50 - €1,60 in NL.
- montalbano 5y agoBased on the article, it seems that the rise in grain price is closely linked to difficult weather conditions across key grain farming areas. Do you have any data to suggest that modern monetary theory is a more important factor here? Edit: maybe that's not what you're suggesting, anyway, still curious.
- christkv 5y agoIn the EU it seems weather and leaving more land uncultivated. So in some ways a planned price increase by lowering production. https://www.world-grain.com/articles/13660-usda-eu-grain-output-to-fall-by-3-in-2020-21 https://www.world-grain.com/articles/13660-usda-eu-grain-out...
- montalbano 5y agoThe article you linked says that they had difficulty planting because of weather conditions - that doesn't seem planned, or in any way related to modern monetary theory.
- christkv 5y agoWith both France and the UK each projected to see a more than a 5-million-tonne reduction in their 2020-21 wheat crops, EU wheat output is forecast to fall by nearly 11 million tonnes year-on-year to 144 million tonnes due to a 700,000-hectare decrease in planted area. That’s seems like they are removing land from production unless I understand that wrong.
- montalbano 5y agoI could be reading it wrong, but based on this: > The European Union’s grain output in 2020-21 is forecast to decline by 3% over the previous year due to extremely challenging planting conditions My understanding is that they cannot plant due to the weather conditions.
- 5y ago
- RobertoG 5y agoI'm pro-MMT, not hiding. From the article, that you obviously didn't bother to read: "Drought and heat continued to hurt the wheat harvest in July in Canada, the world’s biggest supplier of durum wheat, months after a harsh winter hit the Russian crop. Grain shipments from Western Canadian port terminal elevators tumbled 41% in the third week of August from a year-ago, according to a Quorum Corp. report. European crop quality was also hurt by heavy rains over the summer." It seems that we better apply some lessons from MMT for a fast transition to green energy soon. For anyone interested in learning more about MMT : https://www.youtube.com/watch?v=WS9nP-BKa3M https://www.youtube.com/watch?v=WS9nP-BKa3M (Presidential Lecture Series: Stephanie Kelton, video)
- randomsearch 5y agoFor anyone else wondering about MMT, fascinating: https://www.investopedia.com/modern-monetary-theory-mmt-4588060 https://www.investopedia.com/modern-monetary-theory-mmt-4588...
- bserge 5y agoSo basically, the way I understand it, money is just a means of getting people to do work. All of this work/activity is for fiat currency what gold was in the gold standard. So the ceiling is much higher, but there's still a ceiling - go too high and your currency is in trouble. Also manage the removal of money properly - too much tax and people are in trouble, which leads to your currency being in trouble. Can it ever recover if people lose trust in it? Since that's a major part of what's keeping such a system going.
- yaa_minu 5y ago>>Can it ever recover if people lose trust in it? Since that's a major part of what's keeping such a system going. This is the most important thing MMT supporters seem to ignore. Fiat money is a confidence game and all the theories will be pointless if people lose trust in the money.
- 5y ago
- Fire-Dragon-DoL 5y agoI'm not sure if you are aware but the majority of italians eat pasta roughly once per day, as the main course. It's definitely NOT for tight incomes only, it's for everyone. It's just incredibly tasty. Also, what makes the price is the sauce.
- slim 5y agoPasta is subsidized in Tunisia. It won't be affected.