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Wednesday, March 19, 2008
After five years in the war in Iraq, estimates of the monetary costs range from several hundred billion dollars to trillions of dollars. Kai Ryssdal talks to University of Chicago economics professor Steven Davis about how to truly assess the cost of the war.
U.S. soldier in Iraq (Getty Images)
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"Your segment regarding the price of bread suggested that relief may come from higher production of wheat. I assume because that would bring down the price of wheat. I doubt that a reduction in the price of wheat will help the consumer very much. Wheat is currently at about $8.50 per bushel (60 pounds) or 14.2 cents per pound. It takes 1.36986 pounds of wheat to make 1 pound of flour . . . " "
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