[marketcorrection] Don Boudreaux: Brown Out

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Posted by Don Boudreaux:
Brown Out
http://marketcorrection.powerblogs.com/posts/1158958087.shtml


   1 January 2006
   Editor, The Washington Post
   1150 15th St., NW
   Washington, DC 20071
   Dear Editor:
   To justify his concern that a food shortage looms, Bill McKibben cites
   one lone source: Lester Brown ("Getting Resourceful About Resources,"
   Jan. 1). We can relax. For more than thirty years Brown has predicted
   calamity, only to be proven wrong each time. For example, in 1995
   Brown warned that China would soon suffer severe food shortages. But
   in December 2004, the U.N. World Food Programme declared that China
   "no longer needs food aid."
   Brown's prognostication record is worse than that of a dime-store
   crystal ball.
   Sincerely,
   Donald J. Boudreaux
   Chairman, Department of Economics
   George Mason University