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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.

"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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