Friday, July 06, 2007

Ethanol Leads To Increased Beer Cost

by Zach Fox - July 5th, 2007 - Denver Post

Having a few too many beers may soon hurt your wallet as much as it could your liver.

The cost of beer has climbed 3 percent over the last year, slightly outpacing the rate of inflation, according to data from the Department of Labor.

And the cost of downing a brew at a restaurant or bar jumped 3.8 percent.

But the price of beer could see an even larger jump next year.

The totally predictable outcome of government messing with the food supply by making a key food the basis for a new energy program has been what everyone familiar with the free enterprise system predicted. Costs of corn are skyrocketing.

Oh suprise. Polticians are outraged. How dare the American farmer not make sure the costs did not go up. It is so typical of politicians that they are never willing to admit they simply do not understand how economics work. The American consumer always pays the price for their ignorance.


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