Our nation's monetary policy is part of this event. It's complicated but we drive the price of food globally. If our dollar is worth less, it means that it costs more for any Egyptian. Unintended consequences.

Egypt is not Just an Exogenous Event

After Tunisia’s government was tossed out in food riots, corn and wheat once again spikes to fresh highs. The pace continues on the “popular revolt” front — translate food riot — as Sudan gets shaky. So far the inflation ninja in Jordan has been subjected to “peaceful demonstrations.” I