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April 23, 2008


My guess is that the same folks who drove up real estate prices and bought dot-com stocks are now speculating on food and oil. When they spot golder pastures, food prices will plummet. That's not to say that some of the food shortages aren't real. There's always a nugget of truth to these frenzies: the Internet did revolutionize business and Australia really has had a long string of bad harvests. Of course having your own garden is a lot of fun. Michael Pollan's piece along those lines in last Sunday's _Times Magazine_ was up to his usual standard of excellence.

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