Quotes of the day

We have a tariff on imported ethanol from Brazil, which is made from sugar cane. Ethanol here is usually made from corn. Sugar cane ethanol is about eight times more efficient than that made from corn. By removing the tariff, Brazilian ethanol becomes cheaper and will make ethanol-gasoline blends cheaper.--Bob Pindyck

I wonder whether the women’s anger is a reaction to the mayor’s crudeness or a standard response by monopolists who are threatened with competition.--Daniel Hamermesh