I'm not an economist, but I understand the problem with a turning food into fuel. Aren't we missing the boat here? Can't we turn food into an assed in the declining dollar battle? Isn't it time to stop paying farmers not to grow food on their land?
http://www.cnn.com/2008/US/04/....htmlCNN wrote: -- If you're a poor sap who needs to eat or drive in the near future, then you might want to consider taking out a second mortgage (assuming you could even get one) pretty soon.
Food and gas prices have been all over the news lately, and even a big dumb rodeo clown like me can see that it's all connected. Our policies, which try to cater to everyone from oil company executives to environmentalists, end up benefiting no one -- and now we're all paying the price.
I know that real economists probably will say that the causes of these skyrocketing prices are extremely complicated to understand, but the truth is that it's actually pretty simple: We've done this to ourselves.
I don't know if it's because of our arrogance, our stupidity or maybe both, but I believe that history may one day judge America as the most suicidal superpower of all time. After all, what country that cares about its future would do what America has done to its supply of food and fuel, two of the most critical things that any civilization needs to survive?
For example, look at the way we treat our food supply. We've spent decades giving billions of dollars in government subsidies with incentives for the wrong things, we've mandated that huge areas of farmland stay open for "conservation" and we're using grains that could feed tens of millions of people to make a crappy biofuel that you can't even buy anywhere.
That's not arrogance?
