Food inflation heads higher, thanks in part to ethanol
Be sure to read Joshua Boark's story in today's business section of The Sun. It's about how the cheap dollar, foreign demand and huge corn purchases by government-subsidized ethanol producers are driving up the price of food for American families. Yesterday the government boosted its already-high forecast for U.S. food exports. Boark's opening sentence: "It's a standoff between fuel, foreign trade and American stomachs."
As economist and New York Times columnist Paul Krugman said of ethanol on his blog today: "Bad for the economy, bad for consumers, bad for the planet — what’s not to love?"

