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How the ECB caused the Famine.

I thought that famine was caused by the ethanol subsidies to US ethanol refiners which has driven up the price of corn.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 4th, 2011 at 11:22:06 PM EST
[ Parent ]
No, by the CRA and Fannie Mae.
by IM on Sat Feb 5th, 2011 at 06:28:37 AM EST
[ Parent ]
Oh, dear, you now subscribe to the Republican theory that the cause of the crisis was Fannie and Freddie forcing the private banks to give mortgages to n****rs?

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Feb 5th, 2011 at 06:32:03 AM EST
[ Parent ]
That was a obvious joke. I am a regular Krugman reader too.
by IM on Sat Feb 5th, 2011 at 07:44:14 AM EST
[ Parent ]

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