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Parity price and farming.(Letters To The Editor)(Letter to the Editor)

The New American

| June 28, 2004 | Fisher, Fred | COPYRIGHT 2004 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

I have just encountered your December 1, 2003 issue containing the article "Engineered Extinction." I want to commend you for this factual and important writing.

I would like to provide a brief additional aspect to the raw material picture which the public should be aware of, and which economists avoid like the plague. It is not generally recognized that any real profit to a raw material producer at the first point of sale is for all practical purposes debt-free money that enters the economy--and stays there. At the end of any given economic cycle someone either has that money or the value thereof. Unlike debt it accrues no interest, and does not have to be repaid to anyone.

Agriculture is by far the largest raw material ...

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Source: HighBeam Research, Parity price and farming.(Letters To The Editor)(Letter to the Editor)