How Are French Fries and Airplanes Similar?

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…

The US Drought and Pizza

Discussing the impact of this summer’s drought on pizza, Stephen Colbert said, “It is one thing for global warming to make the sea levels rise but nobody told me it could make my cheese levels recede.” Colbert was reacting to…