Monday, January 13, 2014

Cafe Hayek — where orders emerge

Cafe Hayek — where orders emerge: "… if by “poor” you mean a corporate behemoth such as Land’O'Lakes, and if by “helps” you mean forcing up the price that families, including poor families, pay for milk in order to enrich politically powerful producers.  Here’s the account in today’s Wall Street Journal.  A slice:

The feds already buy one of every five gallons, and agriculture laws already make it illegal for processors to sell milk below a regionally dictated price. Then there’s a quota on dairy imports and prohibitive tariffs. In 2005 the OECD estimated that consumers pay a 26% “milk tax” as a result of all this central planning."

'via Blog this'

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