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POPSObamaCare: A Bad Deal for Young Adults Massachusetts benefits from another type of subsidy that props up its regime of mandates and price controls: large subsidies from the federal government. In contrast, the United States as a whole has no external party it can exploit to subsidize a nationwide Massachusetts-style health care overhaul"unless Congress finances that overhaul through additional deficit spending, which is really just another way of taxing the young to subsidize the old. by Aaron Yelowitz Aaron Yelowitz is an associate professor of economics at the University of Kentucky and an adjunct scholar at the Cato Institute. This paper is based on a lecture delivered to the Undergraduate Economics Society at the University of Kentucky on October 1, 2009.
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POPSHouse passes health care bill FTA: The legislation would require most Americans to carry insurance and provide federal subsidies to those who otherwise could not afford it. Large companies would have to offer coverage to their employees. Both consumers and companies would be slapped with penalties if they defied the government's mandates. Insurance industry practices such as denying coverage on the basis of pre-existing medical conditions would be banned, and insurers would no longer be able to charge higher premiums on the basis of gender or medical history. In a further slap, the industry would lose its exemption from federal antitrust restrictions on price gouging, bid rigging and market allocation.
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POPS The Ethanol Bubble Bursts In Iowa
To meet this political demand, VeraSun, Pacific Ethanol, Aventine Renewable Energy and others rushed to build ethanol mills. The industry produced just four billion gallons of ethanol in 2005, so it had to add a lot of capacity in a short period of time. Three years ago, ethanol producers made $2.30 per gallon. But with the global economic slowdown, along with a glut of ethanol on the market, by the end of 2008 ethanol producers were making a mere 25 cents per gallon. That drop forced Dyersville and other facilities to be shuttered. The industry cut more than 20% of its capacity in a few months last year. What's more, as ethanol producers sucked in a vast amount of corn, prices of milk, eggs and other foods soared. The price of corn shot up, as did the price of products from animals -- chickens and cows -- that eat feed corn. Texas Gov. Rick Perry reacted by standing with the cattlemen in his state to ask the Environmental Protection Agency last year to suspend part of
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POPSOil Prices Require More Than Congressional Accusations He was correct to remind Americans that if we want to lower the cost of energy we must be willing to use our own resources, whether they are natural or those we can build, rather than rely upon others to provide for our needs. After all, isn’t self-reliance part of the American spirit. We should not recontributely on foreign governments, many of which are volatile, to supply our energy needs, nor should our large farmers rely on Federal Government handouts to prop up their financially lucrative businesses. President Bush was correct to note that Congressional support for farm subsidies will do little other than contribute to the rising prices of food. He was correct to remind Americans that if we want to lower the cost of energy we must be willing to use our own resources, whether they are natural or those we can build, rather than rely upon others to provide for our needs.
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POPSCongress Considers Cellulose Ethanol In the Cato-at-Liberty blog post "Wishful Thinking on Cellulosic Ethanol," Indur Goklany, author of the Cato book The Improving State of the World, writes: "If cellulosic ethanol proves to be as profitable as its backers hope, farmers will divert even more land and water to producing the cellulose instead of food. All this means we'll be more or less back to where we were. Food will once again be competing with fuel. And land and water will be diverted from the rest of nature to meet the human demand for fuel.
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