Tax payers fund higher food prices
Started by Riversider
almost 16 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Step 1: Provide tax credits to ethanol manufacturers Step 2: Raise the amount of ethanol in Gas to 15% Step 3: Watch corn prices go up, driving up meat prices too Step 4: Erase the gains in the CPI via hedonics and substitution Step 5: Election season comes and government takes credit for the efficient allocation of resources in our economy while meat prices go up and we have tortilla riots agaion
Left out step 6: Blame the rise in corn prices on Commodity Speculators.
Step 7: Blame the Republicans, who are the ones who support farm subsidies and ethanol requirements.