Friday, April 22, 2016

True, that.............................


It’s hard to be too angry at consumers. To be sure, they probably should have known that you couldn’t really buy organic, locally sourced food year-round at just a smidge more than you’d pay for a regular meal. After all, the average American spent half their income on food in 1900, while the modern American now spends a paltry 12 percent, even including a lavish helping of restaurant meals. That should give us some sign that local, artisanal food is not going to be cheap. But most Americans are not economic historians.

-Megan McArdle, as excerpted from her post "Dining Out on Empty Virtue"

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