Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.
So everyone is talking about the latest news that farmers who have livestock are complaining about the increasing price of corn, mostly because of artificial inflation due to ethanol subsidies. I wrote about this about 6 months ago, and this only reinforces what I said then. So instead of writing about it all over, I'll simply repeat what I said in January:
It is not only stupid, but rather dangerous, to tie our transportation infrastructure to a vital food stuff. When the supply of oil decreases, and the price increases, people are forced to make a choice. Do I pay more for the same amount of gasoline, or do I drive less and conserve? In fact, in the last year our demand for oil actually decreased. Although it was a less than one percent decrease, it was the first time our consumption had decreased at all in years. But with oil, that's the only choice you'd have to make... do I drive less or not.If we tie our transportation infrastructure to something that is also used for food, our choice becomes much more stark when prices increase. The question will become, should I eat today or not. That's not a smart idea.
I'd like to think that one of these days the morons in government will realize that they shouldn't mess around with food prices and the economy. Then I always remember that... well... they're all morons who think they know what is best. They cause problems, then think they have the right solution, which generally only cause more problems.
The solution to our problems is always less government, not more. Enough said.