Tuesday, October 19, 2010

High-fructose corn syrup: Curse of the free market?

The current talk about sugar sodas and other junk foods typically turns to high-fructose corn syrup and thence to the evils of the free market, which has supposedly cursed us with that syrup. A closer examination, however, shows another invisible hand at work, namely, the unintended consequences of government interference in the market.

HFCS has become less expensive than sucrose, and therefore more widely used, because of subsidies for corn plus a combination of price supports, production quotas, and import tariffs for sucrose. Thus, the government subsidizes HFCS while pushing the price of sucrose in the United States to levels far above the world price. Yet some people clamor for government intervention. The government gave, and people want the government to take away; blessed be the name of the government.

3 comments:

Aardvark said...

And that goes double for corn ethanol.

"The corn is as high as an elephant's eye."

My Andy read your whole blog the other day and asked me what you meant by "a papa bear trapped in a twink's body."

I told him I don't have a clue but it's better than being a twink trapped in a papa bear's body which seems to be pretty common among my generation.

Thanks for the new link. I felt stifled by the names of my two previous blogs. Homocon was too twee and Born Again Redneck unfortunately attracted too many Christians over the years.

The Heterodox Homosexual said...

You're quite welcome, and thanks for the links to me.

I meant that while people keep telling me I look like the perfect twink, I have a decidedly non-twink personality.

Aardvark said...

Peter Thiel also looks like a twink but definitely does not think like a twink.