We Told You So
If you ever thought that governmental economic planning or market manipulation is a useful tool, take a look at this article in today’s Washington Post on the impact of ethanol subsidies and mandates. It underscores the fact that governments are much better at making mistakes and serving political interests than they are at solving problems! CEI’s energy analysts warned (see here, here and here, for example) about such folly, but politicians apparently are not prone to reason.
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