The same oil that fried your potatoes might have fueled your airplane. Correctly processed, biofuels made from used cooking oil burn 80% cleaner than fossil fuels. Just add to that the incentive of US subsidies, emission limits and carbon taxes…
Demand and Supply: The Ethanol Mandate
Several years ago, when former Treasury Secretary Lawrence Summers walked past me, I stopped him with a question. “What is the most important economic idea to teach my students,” I asked. Without missing a beat, he said, “the power of…
Pork Problems
Announcing the cancellation of this year’s bacon eating contest, Major League Eating (“the world body that governs all stomach-centric sports’) said, “We cannot, in good conscience, allow [top ranked eater] Joey Chestnut to eat bacon during a global pork shortage,…We…