‘Ethanol’s Grocery Bill’

The editors write in today’s Wall Street Journal:

As public policy, ethanol is like the joke about the baseball prospect who is a poor hitter but a bad fielder. It doesn’t reduce CO2 but it does cost more. Imagine how many subsidies the Beltway would throw at ethanol if the fuel actually had any benefits.

Or the old hockey joke, for that matter: “We may be small, but we’re slow.”