http://mises.org/daily/3934
This is not new news.
Counter to intuition, ethanol as it is in our current market is not a good idea. Corn is a tasty vegetable, but when it comes to our market, it represents a huge problem. Since the 70's corn has been an influence into politics on an international level, affecting sugar prices, tariffs, taxes, and foreign relations.
I am not proposing an end to the corn industry as a whole, but we should seriously reconsider a reshaping of the current structure of the economics surrounding corn in general.
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