Friday, April 11, 2008

Idiotic subsidies

So get this: if someone imports biodiesel into the U.S. and mixes a splash of regular diesel with it, our government pays them a subsidy. They can then re-sell the fuel at below market rates, and that's angering the Europeans. Apparently a lot of biodiesel from Argentina is being sold this way.

It's angering me, too! How stupid can we get?

CORRECTION: Didn't mean to say below market rates... it's really that they're able to sell with below market costs due to the subsidy.

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