[expat_panama]

...economics 101, he says. Ethanol plants increase the demand for corn, driving up the prices...

What I'm looking at is that the price of corn has not gone up. In fact, adusted for inflation--

--corn's at the low end of its long term range.  This is where the econ prof usually says "your goofy low-corn-price story may be all well and good in practice but in the cold hard world of theory it just falls apart."

[Chgogal]

I remember beef being about $2.99/lb before the ethanol debacle. Now it's $4.99/lb. I doubt if globalization has anything to do with that.

Here is the proof.
http://data.bls.gov/timeseries/APU0000703112