Mark and Doug are two Christian economists seeking to combine economics and theology in a fun, thoughtful, and inviting fashion. The name of the blog is a reference to Jesus' admonition to his disciples to be "wise as serpents and innocent as doves" (Matthew 10:16) when going forth into the world. We hope you join the conversation.
Sunday, August 8, 2010
As If By An Invisible Hand...
Right on schedule.
Saturday's Wall Street Journal:
"Wheat Drops More than 7%: Big Exporters Release Grains in Storage to Shore Up Supply, Deflating Price."
"Wheat prices plummeted...." "Farmers across the U.S. released millions of bushels from storage into the global supply chain..."
(I don't publish links to the Wall Street Journal because they are blockaded to non-subscribers.)