From my colleague Steve Landsburg’s Armchair Economist:
In the United States farmers are routinely paid to leave land uncultivated, whereas nobody would think of paying motel operators to leave rooms vacant.
Quote of the Day
Jun 3rd, 2012 by wintercow20
[…] Economics. Imagine That Renewable Energy Receives 82X More in Tax Preferences Than Fossil Fuels, Adjusted for Output Quote of the Day […]
Ethanol subsidies have caused a lot of those set-aside acres to be cultivated. Why do we continue to put ethanol into gasoline?