Drudge (I feel dirty) linked to this story
about Costco limiting rice purchases and I realized that last month I faced the exact same thing at the wholesale level trying to purchase flour for the bakery. I, along with all of the other bakeries served by this particular supplier, was told I would only be allowed to purchase the same number of sacks that I had bought in previous weeks to prevent hoarding and speculation.
Wow. I hadn't thought of it in terms of rationing, but that is exactly what is was.
And I should mention that a 50 lb. sack of good flour has gone from $14 to $35 since last summer. When you consider that bread prices have only gone up around 30% you can figure out who is being squeezed the most. It is not the end consumer..... yet. Get ready for $4 - $5 bread. It's coming.