How Inflation Ruined A Chocolate Bar

Now that the presidential election is finally over, can we talk about something that actually matters?

I’m referring of course to Tobleronegate, meaning the uproar surrounding the Swiss-based (but US-owned) chocolate company, Mondolez International. The company has widened the gaps between the segments of its iconic chocolate bar, reducing its total volume by some 10 percent. Although the reaction has something of an Old Coke-New Coke air to it, one can easily see it as a sign of the inflationary times, an effect of worldwide money creation coordinated by the leading central banks, with Toblerone being just one of many victims.

Toblerone

The economics of the decision shouldn’t surprise an actual student of economics. Since inflation is always and everywhere...