The collapse in the relative price of food has been one of the great boons of the past generation. It meant that even fairly profound poverty didn’t have to mean malnutrition: everyone above the $2-a-day level could afford to feed their kids.
Now, thanks in part to the idiocy of ethanol, food prices are soaring. If I were running for office, I might want to talk about that, even at the risk of losing some of the farm vote.
