Sometimes ecological economists sound like real economists*. That is, every once in a while they make sense. From Lester Brown and Jonathan Lewis in today's Washington Post:
Taking these together -- the environmental damage, the human pain of food price inflation, the failure to reduce our dependence on oil -- it is impossible to avoid the conclusion that food-to-fuel mandates have failed. Congress took a big chance on biofuels that, unfortunately, has not worked out. Now, in the spirit of progress, let us learn the appropriate lessons from this setback, and let us act quickly to mitigate the damage and set upon a new course that holds greater promise for meeting the challenges ahead.
Happy Earth Day.
*Relax, I'm joking.
