Krugman Hates Ethanol!


From Paul Krugman's NY Times blog:

I'm almost never censored at the Times. However, I was told that I couldn't use the lede I originally wrote for my column following the 2007 State of the Union address, in which Bush made ethanol the centerpiece of his energy strategy: "Before the State of the Union address, there had been hints and hopes that President Bush would offer a serious plan to reduce our dependence on imported oil. Instead, however, he took refuge in alcohol."

Well, anyway—the news on ethanol just keeps getting worse. Bad for the economy, bad for consumers, bad for the planet—what's not to love?

Whole bit here.

reason's Ronald Bailey on ethanol here.

Hat tip: Film critic and blogger extraordinaire Alan Vanneman