In a recent Wall Street Journal op-ed column, Martin Feldstein – a well known economist of Reagan Administration fame – decries the Federal Reserve’s continued tax cuts as a solution to the imminent economic recession in the U.S. Feldstein argues that rate cuts will be ineffective at preventing a recession due to our fouled credit market and glut of unsold houses, while the cuts may worsen the food crisis in developing countries abroad. How could U.S. interest rates at home possibly worsen food crises in countries like Egypt, South Africa, and Haiti? According to Feldstein, the interaction of lower Federal...