How Americans waste food: they burn more because they’re obese and they throw it away.

Americans are increasingly complaining that the cost of food is going up. Two recent articles demonstrate that Americans are profligate wasters of food in at least two major ways: 1) Obese people consume 18% more food energy than lean people and more than sixty million Americans are obese. Simply put,…

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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:…

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