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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (93772)	4/23/2008 10:18:40 AM
From: Merlinson	Read Replies (1) \| Respond to of 110194

Nah, I just like the term "violent agreement". It seems to describe the usual discourse on the net, somehow. What roused me to post was the idea that the main problem was ethanol from corn. ( Probably my problem of reading comprehension.) While it's true that corn ethanol is a classic example of the problem, it's more "the straw that broke the camel's back" rather than the fundamental problem. It didn't cause rice to double in price. Food is more expensive because of the cost (energy) of producing it. The corn ethanol subsidy is a dumb idea, but not as dumb as the much larger oil subsidy. The fundamental problem is the unsustainable path of energy use that the rich nations are on. We grow so much food we can afford to throw away a huge amount of it on dumb ideas and making steaks, because the price doesn't really matter to us. . . while the poor who can't afford the price starve.