Sugar Storm

[6155GUASTELL@xxxxxxxxxxxxxxx]

Correct me if I'm wrong but it appears there...

there continues to be two competing theories of wage-price
inflation. The monetarist view, which seems to prevail, is that
inflation is caused by too great a money supply, and that rampant
inflation is caused by expectation of future inflation.

Then there's the alternative, that says the inflation is predicated
on the cost of energy. Evidence of this view comes from the events
of the late 1970s, and the effect of oil price controls and supply
manipulations in the 80s.

But then there's SUGAR which is a potential competitor to oil
if it were to be transformed into ethanol. The LDCs are short on
cash to buy oil, but they have lots of sugar, and prices are low.

So please brainstorm with me on this one: WHAT IF, the import
quotas, tariffs, and price supports on sugar were reassigned to
allow for unbiased competition between sugar and oil as an
energy source? [Right now, the dollar value to the supplier for using
sugar as a dietary substance is about twice as great as the value
for transforming it into fuel, in spite of all the problems associated
with sugar production and sales at this time.]

-- Stephen Guastello