Friday, December 7, 2007

The stupidest policy on the face of the Earth

Thus spake Foreign Policy's Passport blog regarding ethanol and agflation.

From Passport:

The Economist has a great cover story about the rising price of food, a main reason for which is a U.S. policy that supports the development of ethanol made from corn (the rise of Asia is another major factor, but that's a good thing). Read the piece for the full account of what is going on and why it is so dangerous, but in the meantime, ponder this graphic: SOURCE