Monday, August 6, 2012

"Congress’s wrongheaded approach to drought relief" Washington Post

"The broader lesson is that dictating a certain level of ethanol usage from Washington was bound to distort markets for food, land and energy. Federal mandates enrich the ethanol business and those who supply it, at the expense of all competing uses for cropland, water and capital. For all that, the environmental benefits are modest at best. When this crisis passes, Congress will still have work to do reforming the unwise system it created."

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