The Second Horseman Saddles Up April 25, 2008
by Will
Will Grigg?s Liberty Minute
April 25, 2008
For the first time in living memory, American consumers in some states have confronted food rationing. The New York Sun reports that ?Major retailers in New York ?New England and on the West Coast are limiting purchases of flour, rice and cooking oil as demand outstrips supply.?
Several converging factors have created a dramatic world grain shortfall. Washington?s ethanol subsidies have diverted resources into growing corn to be used as fuel; this creates what economists call a substitution effect driving up the price of other grains.
To this we can add the soaring price of fuel, the falling dollar, and bad harvests in several countries. The result has been food riots in dozens of countries, and the imposition of grain export controls by a half-dozen national governments.
While many living abroad are starving, American shoppers are, at present, merely frustrated. But it will only get worse from here.
Let us take back the liberty wherewith Christ has made us free.