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Mo' money, mo' problems.(New World Order)

The National Interest

| July 01, 2008 | Altman, Daniel | COPYRIGHT 2008 The National Interest, 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

RISING PRICES in commodity markets have caused alarm, protests and even violence in places as diverse as Egypt and the Philippines. Even in wealthy nations, higher prices for fuels, foods and raw materials are squeezing consumers and businesses, at times painfully so. The cause of this problem is fairly obvious: higher demand from the world's emerging economies, coupled with the usual growth in mature markets. The effects--and the solutions--are more complex.

Inflation doesn't exist in a vacuum. It is the rise of one price in terms of something else, be that how much you earn, the time it takes to procure what you're buying or simply what other desirable things ...

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