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QE2 and Egypt

  • Audio Mises Daily
February 17, 2011

Tags HealthWar and Foreign PolicyWorld HistoryInterventionismProduction Theory

Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income on food, so they have been severely impoverished by Bernanke's QE2, writes Mark Thornton.

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