Farm subsidies are (or should be if applied well) a public good. One does not want necessities to fall onto the portion of the supply/demand/price curve where demand is above supply and prices are extreme. That would lead to starvation in the case of food.
Farm subsidies are meant or were meant to keep food on the sweet portion of the cur…
Farm subsidies are (or should be if applied well) a public good. One does not want necessities to fall onto the portion of the supply/demand/price curve where demand is above supply and prices are extreme. That would lead to starvation in the case of food.
Farm subsidies are meant or were meant to keep food on the sweet portion of the curve for the consumer.
Now corn ethanol can go hang. It is not a necessity by any stretch of the imagination and should have been aborted a long time ago. But once you get folks sucking down those subsidies, how difficult it becomes to ever stop...
I get it. Yogi Berra said that in theory, there's no difference between practice and theory. In practice, there is. Ridiculous, but yes I get putting a floor under prices. Less than 2 million people are farmers in the US. Our elected Parliament of Whores shovels subsidies to the highest donor. Pretty cheap to buy a member of Congress. A few million tops, some hookers and blow go a long way to getting a 100x ROI, Where's the ETF tracking that?
Farm subsidies are (or should be if applied well) a public good. One does not want necessities to fall onto the portion of the supply/demand/price curve where demand is above supply and prices are extreme. That would lead to starvation in the case of food.
Farm subsidies are meant or were meant to keep food on the sweet portion of the curve for the consumer.
Now corn ethanol can go hang. It is not a necessity by any stretch of the imagination and should have been aborted a long time ago. But once you get folks sucking down those subsidies, how difficult it becomes to ever stop...
I get it. Yogi Berra said that in theory, there's no difference between practice and theory. In practice, there is. Ridiculous, but yes I get putting a floor under prices. Less than 2 million people are farmers in the US. Our elected Parliament of Whores shovels subsidies to the highest donor. Pretty cheap to buy a member of Congress. A few million tops, some hookers and blow go a long way to getting a 100x ROI, Where's the ETF tracking that?