Wednesday, July 13, 2011

Politically-Induced Alcoholism.

Steven Ratnner has penned an excellent critique on the ethanol racket in the United States. He states clearly what many pols know but dare not speak: the US program to promote ethanol production for transporation fuels drives food prices up, is comparable in the energy to produce it than in what it displaces in petroleum, has led to a bizarre and contradictory arrangement of alcohol and petroleum imports and exports, and is a green pig-in-a-poke. But ethanolism does mean big federal subsidies to the agribusiness interests of the corn belt, including Iowa, an early presidential political milestone.

Postscript: a new AEI report on ethanolism can be found here.

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