The Effects of Market Bubbles on Food Prices

Ethanol rules in the United States caused a massive amount of corn to be diverted from food into gasoline. The reason for the bubbles and crashes that they were so large is that commodities were deregulated in 2000. That enabled many, many people who wouldn't otherwise be able to put a lot of money into commodities. It's a pretty incredible cascade from economic to social context to, you know, to people not being can buy food.

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