To me, ethanol epitomizes the dysfunction of our national politics. It’s an awful policy, raising the price of both fuel and food, which hits the poor hardest, while damaging engines and stealing from the taxpayer. Everyone knows it but, because, by historical circumstance, Iowa is so politically prominent in presidential politics, too few are willing to say it (I’ll grant that Huckabee and Santorum may actually be economically ignorant enough to think it’s a good idea). So good for Cruz.
I wonder if there’s any possibility of a class-action suit against it, from both fuel consumers and food consumers? If not, there should be. It could fix a lot of awful welth-transfer laws.