Saturday, February 23, 2008

Law of Unintended Consequences


Ethanol policy threatens to starve the world

Across the globe, people are discovering it's a new contributor to world hunger. Led by the United States, governments are paying companies billions to make ethanol from corn and other crops. The result: these crops are diverted from the food supply, creating artificial shortages and higher prices.

Even record harvests haven't suppressed food prices. Instead, prices are soaring to all-time highs.

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