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Clinton was speaking only of food prices. The problem of inflating food prices is much worse in the third world than it is here. In poorer countries, staples make up a much larger portion of the diet and of disposable income. Out food prices are typically a mixture of staples and processing. The end consumer price on a basket of goods does not increase as fast as the farm commodity prices and may even decrease due to lower processing and packaging costs.

For another view of the inflation discussion:

http://truthout.org/inflation-fears-rea ... 1305048606

I wonder if the ghosts of Socrates or Plato would influence Bill Gates to pay off my mortgage.

Plato was an elitist and Socrates was an unemployed stonecutter. Fat chance. Have you spoken with Sonny?