Are Rising Food Prices a Result of the Ethanol Subsidy?
Economies across the globe are struggling, and rising food prices are not going to make life any easier. The Acton Institute raised concern for rising food prices, especially corn, in 2007, when Ray Nothstine wrote mentary on, and at the time, record prices for corn, resulting in revolts in Mexico due to rapidly rising prices for tortillas. mentary brought to light unintended consequences of ethanol and its subsidy, including rising food prices. And again, with food prices on the rise,...