April 26, 2008
One More from Glenn . . .
This one on the insanity with which we are approaching biofuels, which should be a straightforward matter (not simple—but straightforward):
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The problem with ethanol is a government-subsidy problem, and a trade-barrier problem. It's not a problem with ethanol itself. Make it out of something other than food, and lower the barrier to Brazilian ethanol imports, and it would help our current situation a lot. We're not doing that because of farm-subsidy politics. The problem is, basically, the Iowa caucuses and the pandering that results. But simply bashing all biofuels uncritically is dumb.UPDATE: On the other hand, the new farm bill demonstrates that Congress is dumber:
We have a program that makes us overpay for sugar, and now we're going to start a new program to subsidize the ethanol we create from it — because without the subsidy, the inflated sugar price we've created will make the ethanol unprofitable.Upside: Everybody involved has an incentive to pay off some Senators.
Well, now, let's be fair: biofuels are too important to leave pricing up to the market.
Posted by: Attila Girl at
09:36 AM
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Um...awful hard to read your links in the box (like, impossible unless I mouse over them). Maybe it's my Firefox.
Posted by: Mister Prickly at April 26, 2008 12:32 PM (/9Waz)
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The free market is always the best hope!
Notice that any interference always causes problems?
Note to Mr Prickly: It appears normal in IE7.
Posted by: Darrell at April 26, 2008 03:04 PM (Z3cVk)
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In Safari, links appear invisible in my blockquotes--something I keep meaning to fix. In the meantime, if at all possible I leave the links outside the quotation, even if it means being a bit redundant in the text.
Got to get this joint classed up, soon.
Posted by: Attila Girl at April 26, 2008 08:59 PM (Hgnbj)
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