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Ethanol Subsidies Ignite Inflation, Walloping Americans with Modest Incomes

"Inflation is walloping Americans with low and moderate incomes as the prices of staples have soared far faster than those of luxuries," reports the Washington Post today. A big part of the problem is "the increasing use of land to produce ethanol," which "has led demand for food to outstrip supply." For this and other reasons, the New York Times advocates getting rid of ethanol subsidies. Ethanol subsidies threaten to cause an enormous amount of environmental damage, deforestation, and soil erosion.