Wednesday, February 23, 2005

The Cocaine Price Support Program

The title is a little strange, but the reasoning
is sound.

This article is more about another short list
(of a very long list) of unintended consequences
than it is about cocaine price supports.

Will unintended consequences bring about the end
of the nation state?

Probably.

Like a dog eating its own tail...
The US Department of Agriculture spent about 95
billion dollars in FY 2005. A plurality of this
money went to the various direct and indirect
price support programs that raise the cost of
food. The second-largest pile of billion-dollar
bills goes to programs that buy food for the
poor, who naturally can’t afford enough
nutritious food because of the price-support
programs. A few billion goes to various money-
losing deforestation projects on public lands
that damage the environment and raise the cost of
plywood.

Read.