Economists, though, now say that soaring global wheat and corn prices will soon be felt in Japan, potentially complicating the country's economic recovery and forcing debate on a complex set of social and political issues. Japan maintains some of the highest agricultural tariffs in the world to protect its dwindling agricultural sector. Yet this island nation is also heavily dependent on food imports, and the combination of steep tariffs and rising world prices could prove difficult for policymakers once the impact is felt by consumers and business owners.
Food prices worldwide are going up, Yes in America too. And why, because the dumbass government moves to now use 40% of our corn crop to make ethanol, which most people say produces between 2 and 2.5 times as much CO2 as regular gasoline. Like with abortion, do liberals hate the poor so much they will starve them? Food for thought.
Monday, March 7, 2011
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