The Sweet Revenge Effects of Market Tampering by the Feds

I've always known that the ethanol subsidy introduced last year to help reduce emissions was stupid on its face. The whole thing just smacked of a giv-away to corn farmers during an election cycle. Anyway, here's a neat synopsis of everything that is wrong with the legislation.

Money quote: "Cultivating that much corn will require even more farmland. Securing it likely will require chopping down the same trees that inhale the carbon dioxide that humans and cars exhale. If Al Gore is telling the truth, this will increase global warming. So one of the environmentalists’ favorite tools for fighting global warming could actually exacerbate it."

Read the whole article here.