Do Flour and Oil Mix?

Our friend, JR, sent us this reference to The Economist: Flipping nerdy. The cost of making pancakes around the world.


Admittedly it’s late at night and we aren’t thinking particularly clearly. But it strikes us that this chart is as pretty as any we’ve seen recently and possibly as significant. It’s apparent utter banality invites deep reflection. And since the the cost of pancake flour is not entirely unconnected to the price of oil or the size of the Fed’s balance sheet (think of that damn butterfly in Brazil – it may yet cause rain on your parade), it contains as much insight and information to be discovered as anything any politico or economist might care to advance.

Sweet dreams.

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