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Tag: "hungry"

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How (corn) ethanol kills: a lesson in basic economics pertaining to fuel supply, fuel demand and price.

In an earlier post, I argued that people need to better appreciate that dollars are fungible (see here  and here).  Why is it important to understand that dollars are fungible?  A case in point is the new American enthusiasm for turning food into fuel. Consider this report from Fortune Magazine:
The growing myth that corn is [...]