Ethanol is the quintessential Big Idea from Big Government. It helps the farmers, helps the drivers, frees us from Arab Oil, stops global warming, reduces pollution, we’re told. So Washington has subsidized it, mandated it, and protected it from foreign competition. States have all piled on their own subsidies and mandates. Then the problems started to surface: spikes in crop prices, costs to ranchers, higher gas prices, environmental damage, and more.
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