Another article from AEI about the global food crisis. I share in the frustration of biofuel. But I was surprised to see that Biofuel production is only incraesing food costs by 20 percent. The other causes are trade restrictions, and the inflation of the dollar(he hem, please refer to my entry on Jan 08 08 about the hegemony of the dollar). There are more, but I can't remember exactly what they were. I hope you will take the time to read this article, I found it very eye opening.
Ahh, I found another article on the same subject that is much shorter and to the point. And explains the causes much better.
Tuesday, July 8, 2008
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