So the price of beef has not risen in proportion to the other food because there is a glut in the market right now.
What happens in 14 months after we have slaughtered the majority of our beef supply? How much will a pound of hamburger cost then?
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According to the Fed’s inflation model, when steak becomes too expensive, people substitute hamburger, and this is considered equivalent, economically. So when hamburger becomes too expensive, count on the fed advising a lateral move to dog food.