My Declining Standard of Living

[JoeH]

DevoBill wrote:
[quote=billb]

Ethanol utilization of corn was another.

That is a myth.
The ethanol residue is feed and is used in place of corn that would have been fed anyway.
Not entirely true. Some residue after ethanol production was able to be used and was sold to be used as feed, but only a fraction of what it would have been used directly as feed. Two, the demand for feed corn to be used for ethanol production caused some displacement of other food crops such as barley, wheat and others raising food prices dependent on them. Not entirely responsible, but a contributing cause. Also not as responsible as some would make it out to be, but to be called a myth, that is too simplistic an answer.