Poll Says Commodity Price Surge Largest Economic Threat

Those responding to a Financial Times/Harris poll said the greatest economic threat to American and European economies is the rising price of commodites.

Out of people responding from six countries, only those from Italy didn't name commodity prices as the biggest economic threat. Other countries included in the poll were the United States, France, Spain, Germany and Britain.

A large number of participants in the survey also concluded they didn't have confidence their governments would be able to handle the economic challenges.

In America, 50 percent said they were "not confident at all."

This is of course the right thing to think, as government interference always brings unintended consequences that linger for years, many times creating new problems or exasperating the old.