Friday, July 25, 2008

Ethanol Mandates "One of the Dumbest Ideas in Years" 

By John LaPlante

Filed As:  Environment

In an editorial, USA Today calls the government-backed move to ethanol "one of the dumbest ideas in years."

Got that right.

The paper lays out the familiar arguments, such as the extent of the subsidies and the impact of mandates on food prices. But it also mentions something I was not aware of: 23% of the U.S. corn crop goes to ethanol.

Much of the action is at the federal level, but states make things worse by inflicting their own mandates on the driving populace.

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