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Fed and Media Ideas on Your Thanksgiving Turkey Might Make You Choke on That Dinner

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I wrote earlier about the spin from the White House and the Democrats like Sen. Elizabeth Warren (D-MA) trying to explain those sky-high Thanksgiving prices.

But the Federal Reserve Bank of St. Louis had an idea of how to cut those costs that I don’t think many people subscribed to today. When I think about Thanksgiving, I think about that turkey, stuffing, gravy, mashed potatoes, and cranberries. Indeed, I can smell the turkey cooking right now in the oven. Usually, that’s the most expensive part of the meal, so the Federal Reserve Bank of St. Louis suggested buying soy instead.

From the FRED Blog: A Thanksgiving dinner serving of poultry costs $1.42. A soybean-based dinner serving with the same amount of calories costs 66 cents and provides almost twice as much protein https://t.co/qmyjwZd7aU pic.twitter.com/pHv3ZR9o6u

— St. Louis Fed (@stlouisfed) November 20, 2021

As of the third quarter of 2021, a hearty Thanksgiving dinner serving of turkey costs $1.42. A tofurkey (soybean) dinner serving with the same amount of calories costs $0.66 and provides almost twice as much protein. Keep in mind that this plant-based meal would be almost 3 times larger by weight than the poultry-based meal and may either keep you at the dinner table longer or provide you with more leftovers.

They have a thought for us; I have a thought back for them.

How about instead of telling us what to eat, they concentrate on their job which is supposed to be about promoting stable prices and economic growth? How are those inflationary prices going and maybe that’s what you should be focused on rather than deflecting away from it with this stuff? This is a bit Marie Antoinette-like — if you don’t like the rising prices, here, eat some soy. Sounds a lot like “Let them eat cake.”

Imagine if anyone in the Trump Administration had made that suggestion.

Then we hear Joe Biden ramble on about how successful his economy is at the same time, calling it a “historic economic recovery.” Maybe. If historic means how to mess up the Trump recovery. If

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