Tuesday, July 10, 2007

The consequences of ethanol for the poor | Spero News

re: Ray Nothstine: "Ronald Reagan once said that the most terrifying words in the English language are, 'I'm from the government and I'm here to help.' His one-liner immediately comes to mind when looking at the problems behind the federal government’s campaign to boost production of corn-based ethanol with a massive, 51 cent per gallon subsidy. Ethanol and other bio-fuels are advertised as one of the main cures for our oil-thirsty economy. But it’s clear that the ethanol boom, with a major assist from Washington, is succeeding in simultaneously raising both fuel and food prices..."...

hat tip: Acton Institute

No comments: