Biofuel Industry Gets Rich at the Expense of World's Poor
- 02/18/2014
- AEA
- Facts, News, Products and Power, Renewable Fuel Standard, Threats
By their very nature, government policies that artificially encourage the use of “biofuels” (such as ethanol) distort resource allocation and make consumers poorer than they otherwise would be. Of course, fans of the free market have been leveling such a criticism against biofuel mandates and subsidies from the beginning. Yet over the last few years, […]