the last century where the price that will eventually continue to go down the international food policy research institute has looked out to the future to twenty fifty and they basically think that food prices will stabilize about where they are now and remain more or less that way for the next forty years as productivity continues to rise around the world so ultimately food if you think about it in the last twenty years if you look at the average price of food it's never been cheaper or more abundant than any time else in history and i fully expect that trend to continue ok but david and in light of what well just said there's still a billion people that are hungry out there so the system is not working. that's because they're poor yeah and we need to do economic development so that they can buy food and markets we have plenty of food they just can't buy it and that's really the problem ok david you want jump in there go ahead well they have put plenty of food and. as a i think one thing that a lot of people are beginning to rethink is the impact of global warming and climate change on the prospects for

we heard recently just in the last few days from the international food policy research institute thathis mandate be waived. we've seen a quadrupling of corn prices in the last seven years. a lot of that driven by the corn ethanol scam. this is the longest-running robbery of taxpayers in modern american history. it should be stopped. dagen: but you have in recent years seen a backing away, have you not, in terms of the subsidies going to the refiners, have you not? what changes do you think -- like it was the three-legged stool that you have talked about before with the subsidies and then the imported ethanol and then also the blending mandate, how does that stool look two years from now? >> well, i think it looks -- likely looks increasingly wobbly because yes we have done away with the subsidies. they ended at the end of last year, but we still have the mandates and remember the amount of ethanol blended into the gasoline pool continues to rise over the coming years. congress is going to have to address this. but just to give you an idea, dagen, about what this whole system has becom