Wednesday, March 09, 2011

From the Horse's Mouth: Michael Roberts on Climate Change

I'm too lazy today, after a visit to the dentist, to link to the NY Times article on the impact of global warming climate change (people who don't agree the globe is warming will agree the climate it is achangin')on US agriculture, but Michael Roberts clarifies the U.S. may make out like gangbusters. Sure, our corn production will be severely impacted by high temps, but because of inelasticities farmers may see crop losses more than offset by higher prices. Or they may not.

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