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Tuesday, October 16, 2007

Another Example of How Bubbles are Created

From USA Today:

[Grain] Prices are being pushed up by bad weather in a host of countries,
surging world demand and a drive in the USA and abroad to devote
more acres to corn for ethanol production
, which has tightened
supplies of some grains and tied crop prices more closely to energy
prices.

emphasis added


Or how anti-subsidiarity hurts the little guy.

(HHT: FEE)

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