Submitted by CARPE DIEM
What do ethanol and the subprime mortgage meltdown have in common? Each is a good reminder of that most powerful of unwritten decrees, the Law of Unintended Consequences - and of the all-too-frequent tendency of solutions imposed by the state to exacerbate the harms they were meant to solve.
Read more from Jeff Jacoby’s column in today’s Boston Globe.
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