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I think Yglesias has this right: Commodity-backed money is basically a solution to a non-problem.
But is Rogers right about commodities?
"But right now commodities seem increasingly volatile," and that could create a headwind for those markets' shares.
PepsiCo understands that the company's business will only thrive if it has access to the right agricultural commodities to make its products.
As in OPEC, the ministers in the new group espoused an ideology of defiance to the industrialized countries that are the primary customers, and stated the rights of commodity exporting nations to coordinate efforts to improve the terms of trade.
In Bolivia, we consider water to be a common good - a human right, not a commodity.
The Chinese government assigns its quotas to the authorized exporters, who often trade those rights like commodities.
If that were so, Yahoo!'s recent acquisition of Tumblr would be a violation of the Constitution, which states that people are human beings with inherent rights, not commodities to be bought and sold.
I'm a cheap commodity right now".
"Qualified press operators are a limited commodity right now.
Right now, rising commodity prices are basically the result of global recovery.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com