David Frum writes in The Atlantic about how ethanol subsidies empower Putin.
- The ethanol mandate for gasoline has entrenched special interests, increased gas prices, and provided negligible environmental benefits.
- Subsidizing ethanol and corn production has also allowed Russia to strengthen its grip on the world’s food and wheat supply.
- Eliminating the ethanol mandate will reduce the price at the pump and at the grocery store by encouraging more domestic farmers to diversify their crop yield.
Read the full article here.