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Trichet, ECB Missing the Point with Crude

This is a great article and spot on. trichet is an arrogant jerk and all he is doing is covering up for the massive growth in the ECB's balance sheet. German exporters are getting badly squeezed and the spanish and irish economies are in trouble. That govt needs to act intelligently is not anathema to free markets at all. Look at how well Brazil did with sugar based ethanol jump started by govt policy. we should start there by allowing imports of brazilian ethanol as a way to diversify our imported sources of energy; build nuclear (govt needs to allow it); and limit corn based ethanol subsidies (lessen food inflation).