A great article available over at the Competitive Enterprise Institute, looks at the damaging effects US subsidies for corn based ethanol are already having on the world food supply. Check it out here:
http://www.openmarket.org/2008/03/03/nyt-get-rid-of-corn-ethanol-subsidies/
One further point I would add to this...If the developing world already resents the impact many of the US gov'ts decisions have on them, how is our security enhanced by famine? How do you think young men will feel when they see their parents, sisters, family and friends die as a result of our policies? I am no foriegn policy expert but just maybe this may create some hostility...Does anyone think that breeds love and respect?
The idea that we must either subsidize, tax or regulate all areas of the world (not just our nation) leads directly to economic failure at home and breeds hatred and terrorism abroad.
Monday, March 3, 2008
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