Video: Ron Paul on ethanol subsidies "I don't think we should do that"
What does Ron Paul think about ethanol subsidies? Ron thinks they are unconstitutional and that allowing farmers to raise hemp is the right solution. Here is Ron's full response, as you can see in the video above, to the question "What are your views and policies on subsidizing ethanol farmers?":
What is my view on subsidizing ethanol and farmers? Under the constitution, there is no authority to take money from one group of people and give it to another group of people for so called economic benefits. So, no, I don't think we should do that. Besides, bureaucrats and the politicians don't know how to invest money. Then that money gets invested for political reasons rather than for economic reasons. I think there is a chance you might get more ethanol if you raised hemp but hemp is illegal in this country. So, in my idea of a free society, you'd be, a farmer would be allowed to raise hemp and not only would that be a good product, possibly to make ethanol, there might be a whole lot of other products you can make with hemp like Canadians do it. So, I am looking to legalize freedom, not more subsidizes and more direction of investments through the federal government because they are incapable of knowing the best investment to make.
What do you think, readers?