Royal Foot In Royal Mouth

Prince Philip, a ‘conservationist’, has opined that the current rise in food prices worldwide is because of ‘overpopulation’.

Actually, as Peter, Lord Bauer put it: Everyone is born with one mouth – but two hands!

We all produce more than we consume. These are our 'surpluses' which we sell in markets. All of us produce surpluses.

So, as population grows, output grows even faster, bringing down prices and making everything abundant.

Compared to today, there were very few human beings in Biblical times.

But the proportion of a common man’s earnings that went into food purchases was far, far higher than today. A day's earnings bought very little, and most of it went on food.

Now look at your own budget and see how much food constitutes.

This proportion is destined to always fall. Our consumption of non-food will always rise.

Margaret Thatcher once told a group of Commonwealth leaders from the Third World to “read Peter Bauer”.

Perhaps the Baroness will be so kind as to suggest the same to the royal consort, a European prince of high pedigree.

And always remember that inflation is a disease of the money. Government fiat money is the only cause of worldwide inflation. That is why I support Ron Paul, the other Republican candidate in the US presidential elections: He stands for GOLD.

So let us home in on the core FACT: All the babies, all the children - and may there always be many, many more of them - are NOT the problem: their RULERS are the real problem.

And read my tribute to Peter Bauer here. I had the pleasure of personally handing over a copy to Baroness Thatcher, and will recount the story sometime. Stay tuned.