Sunday, April 29, 2007

Farm Subsidies: The Dirty Truth

Bryan Caplan offers some important observations that follow from a survey about agricultural subsidies:
"Bottom line: In the sector closest to perfect competition, where economists truly have to think hard even to imagine a case against laissez-faire, Americans favor heavy intervention nevertheless."
What is an economist to do? It seems more and more people attend college, and more and more of these people take a microeconomics principles course, and yet, such survey results suggest many do not understand the way economies work.

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