Re: [Pen-l] the Ekon Pres

["Jim Devine" <jdevine03@xxxxxxxxx>]

Mankiw:
> OPPOSE FARM SUBSIDIES Economists like free markets, a principle that
> applies to agriculture as much as any good or service. Again, Senator
> McCain has the lead. Senator Obama's endorsement of the recent $300
> billion farm bill, his support for domestic ethanol subsidies and his
> opposition to imported sugar ethanol may bring votes from farmers, but
> economists view these policies as a burden on taxpayers and consumers.

me:
> [Here, I generally agree with Mankiw. However, at this juncture, Mr.
> Mankiw should worry about the way that the ending of these programs
> might encourage deflation, which is a macroeconomic disaster.  Of
> course, he doesn't know much about macro subjects.]

Eugene Coyle wrote:
> Here Mankiw (and Devine concurs) that free market principles "applies to
> agriculture as much as any good or service".

I don't agree with the part you quote: that's why I used the word
"generally." BTW, you can call me "Jim," if you want.

> Let me begin by saying the US farm program is badly designed, unjust as
> between farmers, and a boondoggle.  Then I will add that the US farm program
> is doing a lot of damage to farmers elsewhere.

that's what I was talking about.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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