Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
Tagged: Farm Bill
What is far and away the most important global trade commodity? Food. People have to eat. Before the world’s peoples can afford to purchase from us an iPhone, or a Ford pickup truck – they have to buy (hopefully our) food.
We’ve seen it in too many sectors of the economy to possibly mention – both domestically and internationally. The greater the government involvement in an economic sector – the greater the ensuing economic damage. To that sector – and the broader economy.
TweetOver the past several years, the federal government has launched several programs to encourage the development of new and advanced telecommunications services in all areas of the country. The two[…]
This year’s bill was misnamed as a “farm bill.” It was really a food stamp bill, with 80% of its spending going for the food stamp program (officially renamed now SNAP, or Supplementary Nutrition Assistance Program).
…Farming and agriculture have been around for tens of thousands of years. For the vast majority of that time, we grew stuff just fine without a Farm Bill (let alone an entire Cabinet-level Department).