The economics of bacon
I love the smell and taste of freshly cooked bacon. That said, I very rarely eat bacon, for the same reason I rarely eat sausage, ham or bratwurst. Preserved meats are associated with a higher risk of colon cancer.
But if you *do* eat bacon, can you afford to? Not according to Donald Trump, who claimed at a recent rally that Joe Biden had raised the price of bacon four-fold. “We don’t eat bacon any more,” Trump said.
Setting aside the risible notion that the POTUS controls bacon prices, did the price of bacon go up four-fold under Biden? Kevin Drum brings the charts over at jabberwocking.com:
“The price of bacon is up a mere 14% since Trump left office, and if you adjust for wages it’s cheaper than when Trump left office. Meanwhile, total bacon production is 13% higher than it was when Trump left office. For better or worse, the American love affair with bacon is far from over.
Click the link.
Bacon prices under Biden
But if you *do* eat bacon, can you afford to? Not according to Donald Trump, who claimed at a recent rally that Joe Biden had raised the price of bacon four-fold. “We don’t eat bacon any more,” Trump said.
Setting aside the risible notion that the POTUS controls bacon prices, did the price of bacon go up four-fold under Biden? Kevin Drum brings the charts over at jabberwocking.com:
“The price of bacon is up a mere 14% since Trump left office, and if you adjust for wages it’s cheaper than when Trump left office. Meanwhile, total bacon production is 13% higher than it was when Trump left office. For better or worse, the American love affair with bacon is far from over.
Click the link.
Bacon prices under Biden