Monday, February 13, 2012
Search
Krugman Says Biofuels a 'Terrible Mistake'
04/07/2008

Krugman, a Princeton economist, notes the higher prices in stores today and food riots around the world. One cause is that more people can afford to eat meat — in other words, more people are eating like Americans. Other reasons are high oil prices and bad weather around the globe. These are all problems that are happening naturally.
Krugman, however, believes using corn to produce government-subsidized ethanol is a "terrible mistake." Or, as the always outspoken Krugman puts it, "people are starving in Africa so that American politicians can court votes in farm states." The result, "Cheap food, like cheap oil, may be a thing of the past."
- Login or register to post comments
- Printer-friendly version

