Friday, April 25, 2008

Stop the (Ethanol) Madness

Take a couple minutes to read NRO contributing editor Deroy Murdock's scathing rebuke of U.S ethanol policy. It's an excellent piece. Just dynamite. And it's loaded with a ton of great facts.

Here's a snippet:

To draw a phrase from the late, great William F. Buckley Jr.’s words as he founded National Review, someone must stand athwart the federal ethanol program yelling, “Stop!” The emergency brake should be pulled — NOW — before ethanol wreaks further havoc.

...Congress should abolish federal ethanol subsidies, mandates, and the 54-cent-per-gallon tariff on imports — including Brazil’s cheaper, cleaner, sugar-based ethanol. If scientists can develop ethanol that neither starves people nor rapes the Earth, splendid. However, this enterprise must not rest upon morally repugnant, ecologically counterproductive, economically devastating, government-ordered distortions.

It’s time for emergency legislation to repeal ethanol-market meddling. The federal program began as a sop to U.S. grain growers — arguably the most pampered and endlessly entitled people this side of the Saudi royal family. It has grown into a cancer on global food markets....

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