As The Ball Fell In Times Square The Ethanol Subsidy Died A Well-Deserved Death

Congress adjourned this month without extending the $6 billion annual tax subsidy for blending corn ethanol into gasoline and the steep import tariffs on the industry’s foreign competitors.  Good. I can’t figure out whether the ethanol mandate also died.  If … Continue reading

Iceland Wins The Bank Bailout Scheme — By Default

Trying to convince anyone that the bank bailout was a dumb idea, that it would have been better and wiser to have let the stricken banks fail, is a doubtful undertaking. The accepted wisdom is that they were “too big … Continue reading