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Tuesday, April 29, 2008

Biofuel-Fueled Food Crisis Requires Dramatic Response, Senator Says

Senator James Inhofe (R-OK) has delivered a floor speech calling for "'dramatic' action to address global food difficulties caused in part by current biofuel mandates."

Inhofe said, in part:
Recently, the world has been confronted with irrefutable evidence that our current biofuels mandates are having massive and potentially life threatening consequences.

Once again, we are reminded how restrictive government mandates and ill-advised bureaucratic meddling produce unintended consequences. Trying to centrally manage and “plan” a global food distribution network and economy through clumsy, unrealistically high mandates has been a proven failure.

An April 28 article on our current biofuel mandates in the National Review by Phil Kerpen and James Valvo detailed the mindset of bureaucratic planners.
Each new generation of central planners believes the previous generation wasn't smart enough. Yet central economic planning is forever doomed to failure since the approach itself limits human freedom, ingenuity, entrepreneurship, and innovation.
To put it into simpler terms: As Ronald Reagan once said, “The more the plans fail, the more the planners plan.”
There's lot's more.
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Posted by Amy Ridenour at 2:06 PM

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