Droughts, Floods And Food

New York Times by Paul Krugman | Feb. 7, 2011 (Opinion)

World prices of food are surging, and one major factor is the disruption caused by extreme weather. Full Story »

Posted by Jon Mitchell - via Umair Haque, Paul Krugman, New York Times (Most Emailed), Real Clear Politics, New York Times (Opinion), Opinion Source, Peter Avalos (t), Richard Lazzara (t), Johan Jessen (t), miker1717 (t)

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4.0

by Patricia W. Neal - Feb. 7, 2011

I'm not sure I would call it good journalism, it is good opinion. Professor Krugman is a good analyst, I would have preferred more detail on the role that speculators and government policies play in commodity pricing. One example: the artificial price increases to corn, due to US Government subsidies to agriculture and specifically monopolies such as ADM.