When the protests started in Egypt, they were over something relatively benign: the increased costs of basic food items. That led to full on revolts, and the eventual toppling of the government in Egypt. We now see what’s happening in Libya, and it’s possible that these are just the first few pebbles in what will undoubtedly be a much larger avalanche. People who are hungry are motivated for change. Make no mistake, the increased costs of commodities and food is in large part the result of the United State’s loose monetary policy, especially concerning QE1 and QE2. You simply can’t double your entire money supply overnight and not see consequences. The US runs a trade deficit every year, which means […]