Friday, February 25, 2011

Hunger & Revolution

From Daily Reckoning:
"Hunger was largely responsible for the French Revolution. Mobs gathered in front the Tuileries Palace, protesting the high cost of food. Inflation and bad weather had driven up the price of a loaf of bread to almost an entire day’s wages by an ordinary laborer.

Marie Antoinette, wife of Louis 16th, is said to have asked:

“What are they complaining about?”

“They have no bread,” came the answer.

“Well, let them eat cake,” was her witty, but ultimately fatal, reply.

She lost her head in the Revolution. So did thousands of others.

Mobs need scapegoats. And hungry mobs are not particularly careful about whom they choose."


The Ben Bernanke prints money => Food Prices go up => Tunisia, Egypt, Yemen, Libya, ...

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