According to recent calculations, if oil prices fall back down to $40 per barrel, the implied tax paid by consumers because of ethanol mandates will be over $15 billion.
via Steven Levitt
Economics, global development,current affairs, globalization, culture and more rants on the dismal science, and the society. "As usual, it's like being a kid in a candy store. I'm awed by the volume of high-quality daily links in general. Thanks!" - Chris Blattman