Tag Archives: food prices

Wonks Propose Taxing Calories

Wonks Propose Taxing Calories

It seems America has a love affair with social engineering through the tax code. From “sin taxes” on things like booze and tobacco to tax deductions for things like buying a hybrid vehicle or installing solar panels, the politicians like to pull financial strings to manipulate our behavior. The latest idea in that vein is

Kevin Cramer: We Have To Pass A Farm Bill Because The Free Market Is Scary

Back during campaign season I did an interview with Rep. Kevin Cramer, and we talked about the farm bill. Then, as now, the legislation was stuck in the midst of partisan bickering and I asked Cramer if there was really a lot of urgency to pass a farm bill (I quoted a NDSU farm management

Bankrupt Nation Full Of Fatties Considering Bailout For Big Sugar

Sure. Why not. The U.S. Department of Agriculture is considering buying 400,000 tons of sugar—enough for 142 billion Hershey’s HSY +0.08% Kisses—to stave off a wave of defaults by sugar processors that borrowed $862 million under a government price-support program. The action aims to prop up tumbling U.S. sugar prices, which have fallen 18% since

Renewable Fuels Standard Could Gobble Up America's Entire Corn Crop

The government must stop mandating ethanol production, Mark Perry notes. It drives up prices and, unless something is done, in the not-so-distant future the mandate may have our entire American corn crop diverted to making ethanol: Corn ethanol is clearly inferior to gasoline as a fuel source for automobiles. Despite a 51-cent-per-gallon tax credit to

Biofuels Causing Famine

This is what happens when the government distorts markets with subsidies, mandates and protectionism. Recent laws in the United States and Europe that mandate the increasing use of biofuel in cars have had far-flung ripple effects, economists say, as land once devoted to growing food for humans is now sometimes more profitably used for churning

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