The Ethanol Fiasco

Ray Nothstine, an associate editor at Acton, joins host Bud Hedinger on AM 540 WFLA in Orlando, Florida to discuss the unintended consequences of the federal government's decision to heavily promote and subsidize corn-based ethanol as an alternative to petroleum based fuels. As Mr. Nothstine predicted last year, the result of the diversion of a large portion of the corn crop into fuel production has resulted in rising prices for food, while at the same time fuel prices continue to rise. Mr. Nothstine and Bud Hedinger discuss possible solutions to this policy fiasco in this 13 minute interview.

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