Wellyopolis

July 28, 2005

Economic illiteracy in City Pages

From City Pages:

Although technically a subsidized agricultural commodity, unlike other crops sugar has historically earned its keep. The U.S. sugar program currently operates at no cost to taxpayers thanks to a system of loans, domestic quotas, and import restrictions.

Well, I suppose that makes it OK then! No cost to taxpayers on the federal budget. But plenty of inefficiency in the sugar beet market besides.

(Also noted on Minnesota Politics)

Posted by robe0419 at July 28, 2005 8:34 AM