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), Opinion Source, Real Clear Politics, New York Times (Opinion), Johan Jessen (t), miker1717 (t), Richard Lazzara (t), Peter Avalos (t)
As usual, well written and insightful. Of course the climate change deniers will scream bloody murder but as a Krugman points out, the pattern is clear.
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.
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