Sunday, June 26, 2011

The Great Corn Con
NY Times article looks at how Washington has managed to help drive up food prices, added billions to the deficit .. "Rather than ameliorate the problem, the government has exacerbated it, reducing food supply to a hungry world. Thanks to Washington, 4 of every 10 ears of corn grown in America — the source of 40 percent of the world’s production — are shunted into ethanol, a gasoline substitute that imperceptibly nicks our energy problem. Larded onto that are $11 billion a year of government subsidies to the corn complex."
Click here to link to the article

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