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Published Letters: 2
No doubt that the statistics of the metrics on the increase of food prices are more or less accurate.
Who is responsible for the price increase?
Is it speculators' fault? Not to the implied extent.
In an open market environment, risk takers are the plasma that smoothe out price and supply bottlenecks.
It has been such for 2000 years.
What do you think was going on at the Tempel in Jerusalem when the Baby Jesus was roaming the city?
The futures market.
Mungo Fetch
Slave- and futures traders are not playing on the same pitch of endeavors.
The former is a technical/trading bunch- hustling and betting to make a buck (I'm one of them)- whereas the latter are a morally reprehensible lot and as such beyond discussion.
That Bush and his neocon clique are distorters of fact and liars has unfortunately been establishred
To hell with them all. Good riddance come November.
My views on ethanol are not all that sanguine. To distil it from corn is inefficient and costly in many ways.
Import sugar based ethanol from Brasil. Dump tariffs.
However, I like your reasoning, as I hope to meet with you again on another subject.
Love the Baby Jesus and take the easy ones twice.
Mungo
