18 April 2008

biofuels and the food crisis

Stories about the rising world prices of food grains are filling the pages of newspapers around the world. Paul Krugman, economist and New York Times opinion page columnist, contributed to the conversation with an insightful op-ed last week, "Grains gone wild."

One of his principal conclusions?

"We also need a pushback against biofuels, which turn out to have been a terrible mistake."