RACC and consumer consumption
Posted 18 December 2003 - 09:30 AM
Posted 23 December 2003 - 12:29 AM
Interesting question, but I believe it needs clarificaiton. What is the RACC? I can't find the acronym anywhere. And on the face of, the idea seems internally inconsistent. How can 95% of consumers eat twice the "customary" average?
I do have a new and revolutionary theory about why Americans eat more and more and more: The cheaper food gets, the more we eat. Why should eating violate the free market rules that apply nearly everywhere else? All I need to test this is to plot yearly caloric consumption against the retail price of 1000 calories of food that year. Or something like that.