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10939Food, Fuel, and Poverty

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  • Richard Risemberg
    Jun 15, 2008
      Interesting column from reluctant capitalist Thomas Friedman of the
      NYT. A quote:

      > From Shubra we drive into the desert toward Alexandria. The highway
      > is full of cars. How can all these Egyptians afford to be driving,
      > I wonder? Answer: The government will spend almost $11 billion this
      > year to subsidize gasoline and cooking fuel; gas here is only about
      > $1.30 a gallon. Sounds like a good deal for the poor — only the
      > poor have no cars, and the fuel subsidies mean less money for mass
      > transit.

      And a link:



      Richard Risemberg