On a recent trip to the grocery store I was shocked to find that the price of a package of Corn Skewers (those little yellow things you use to eat hot corn on the cob) had fallen to 25 cents when normally they would sell for at least 79 cents or higher. Is this a sign of deflation or simply another fallout from the irrational ethanol program? I’ve heard that up to 30% of corn production will eventually be diverted to ethanol production so that means less corn on the cob for us.
It now seems clear that the ethanol subsidy program wastes more energy than it produces, harms the environment, increases food prices (especially for the poor), and now this. When will the madness end?
