Retail Rice Riots; Or, Why Michael Pollan Is Also Right
posted by April 9 at 16:21 PMon
OK, I’m not just picking a fight with ECB. I’m also linking to Paul Krugman, who for the first time in forever is not making up specious reasons why Hillary’s policies are kind of sort of better than Obama’s.
One reason why grain prices are skyrocketing, according to Krugman:
First, there’s the march of the meat-eating Chinese — that is, the growing number of people in emerging economies who are, for the first time, rich enough to start eating like Westerners. Since it takes about 700 calories’ worth of animal feed to produce a 100-calorie piece of beef, this change in diet increases the overall demand for grains.
Pollan’s mantra: Eat Food, Not Too Much, Mostly Plants. Cut down on meat, and grain prices should respond.