Droughts, Floods and Food
Posted by , 7th February 2011
Paul Krugman
2/7/2011
The world is in the midst of a food crisis, and this has triggered rage in the Middle East, causing inflation (though not yet in the US) and impacting the world’s poor, Krugman says. The American right and the Chinese blame easy-money policies at the Federal Reserve and France blames speculators for the high prices, but Krugman says severe weather has disrupted agricultural production and could be attributed to greenhouse gases. He says if climate change is to blame, this is just the beginning.
Krugman is a New York Times columnist.
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