Meanwhile, We Are Subsidizing Its Conversion Into Auto Fuel. . . .

The Telegraph reports that authoritarian governments around the world are stockpiling food.  It seems that they are afraid rising food costs may stoke popular discontent. 

As Glenn Reynolds of Instapundit notes, they seem to have forgotten the immutable law of supply and demand.  So have we, along with the law of unintended consequences.

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Published in: on February 2, 2011 at 8:56 am  Leave a Comment  

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