Thursday, January 21, 2010

American's Crazed Corn Habit

http://mises.org/daily/3934

"The federal government provides a 45 cent per-gallon subsidy for domestically produced (corn-based) ethanol. Add to that the crippling sugar policy, plus a 54 cent per gallon tariff placed specifically on foreign ethanol (sugar based, from Brazil), and bang — ADM corners the domestic ethanol market. Pretty crafty, huh?"

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