In his weekly DC Examiner column, Tim Carney highlights a specific example of the “the conflicts of interest, ulterior motives and opportunities for corruption inherent whenever government picks winners and losers in the marketplace.” At issue here is a Missouri state ethanol mandate that stands to benefit Show Me Ethanol, a company on whose board sits…the governor’s brother. Yet, as Tim argues, this matters beyond the Show Me State. “It’s not a Missouri phenomenon,” he notes. “Whenever government gets involved in the economy, it creates insider-trading opportunities for the well-connected” — even when policy makers act with the best of intentions.
Show Me the Pork
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{ 1 comment }
Corn ethanol is a crock anyway. In order to produce the corn ethanol, one must use a large amount of fuel in the equipment on the corn fields. That fuel used produces emissions, no matter what type of fuel. After that, the corn ethanol produces emissions when it is used in cars. How is that environmentally sound?
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