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Happy St. Patrick's Day

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Tags Production Theory

03/17/2013

Many of you maybe celebrating St. Patrick's Day with a cool glass of Ireland's iconic beer: Guinness.

Guinness is different from other beers because it is dark and creamy. It also has less alcohol. I did not know until very recently that the darkness and flavor come from the ingredient roasted barley. Most beers use malted barley which involves soaking the barley. By using roasted barley instead of malted barley, Guinness was not only given a rather unique flavor and texture, it also avoided the excise or tax on malt. It went on to become one of the world's best selling beers.

HT: MRT

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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