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Or why elections in 2024 were good ones to win It’s a theme I’ve riffed on before, but the last four years have been pretty miserable for consumers in the developed world, largely because commodity prices have risen sharply. And when commodity prices rise, then other prices (but not wages) will follow. Higher natural gas prices mean more expensive electricity, which not only squeezes household budgets, but means that fertilizer is more expensive (the Haber process), making food cost more….