Even though it’s referred to as “paper” money, most of the material used to produce U.S. banknotes is actually cotton. And with raw cotton costs at a 140-year high, it’s costing more money to print money.
the fabric of our lives
It’s been a bad year for cotton-producing regions in India, China and Pakistan and the price of cotton has skyrocketed since the summer. So before retailers begin tacking this cost of materials increase onto the consumer, the forward-thinking people at SmartMoney.com have put together a list of what items you should stock up on.