Keeping a Wary Eye on Obama, Part XI

The wealthy now see farm land as a great investment opporutnity? Why? Well, they believe population growth will drive up food prices, but also, according to Lord Rothschild:

"If you look at the macro picture today," says Rothschild, "we have an extraordinary situation. If you take governments' printing money as fast as they are, borrowing as fast as they are, and bailing out white-elephant corporations, we're surely going to have an inflationary situation fairly soon." In that kind of environment, owning a hard asset like land is a good hedge.