Wednesday, August 20, 2008

Misguided U.S. Ethanol Subsidy Continues to Cause Food Prices to Soar

The corn-based ethanol subsidy in the U.S. continues to cause pain to consumers around the world as food prices will continue to rise for the foreseeable future, as chicken, beef and pork prices are projected to increase significantly.

U.S. lawmakers keep acting like nothing has gone wrong with the usual unintended consequences accompanying such ignorant initiatives.

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