Would the ethanol fiasco have happened without government "price signals"?

Hot Air » Blog Archive » Government should send “price signals” on energy?

Just in case voters didn’t figure out Barack Obama’s economic instincts towards statism, this interview from 2007 on energy policy should open a few eyes. During the Democratic primaries, Obama had a lot more openness about his desire for top-down control of the economy, especially when it came to energy. In order to change the behavior of consumers, Obama argued, the government had to send “price signals” to deter bad decisionmaking … at least according to the Bureau of Acceptable Consumer Choices...