Promoting inflation for building prosperity!

When US rice prices skyrocketed by 70 per cent between January and April 2008, President George Bush blamed the Indian middle class for the food shortage and high food prices in that country. But the California Rice Commission and the USA Rice Federation contradicted him and said: “Bottom line, no rice shortage in US. We have supplies.” It soon became evident that the rice prices had shot up not due to food shortage but because financial funds had turned traders in grains and hoarded them to profiteer.

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