“Any aid package, no matter what dollar amount, is a Band-Aid on an arterial bleed.”

More stinging criticism of the agricultural industry harms from the Trump tariffs and the proposed aid package to offset some of those harms since my post about the dairy industry yesterday — this article in the Minneapolis Star-Tribune is full of pointed arguments against them: Bill Gordon, a soybean farmer near Worthington, Minn., said his crop … More “Any aid package, no matter what dollar amount, is a Band-Aid on an arterial bleed.”

Dairy farming, tariffs, and Trump’s “12 billion dollar crutches”

Farming has always been an uncertain business. Weather and the price-taking nature of being small relative to large commodity markets lead to feast or famine. The Trump Trade War and today’s palliative farm subsidies to farmers harmed by Trump’s tariffs combine with pre-existing subsidies to amplify that underlying boom and bust cycle, imposing high costs on … More Dairy farming, tariffs, and Trump’s “12 billion dollar crutches”

Recessions: An especially bad time to impose bad public policies

Michael Giberson The WSJ‘s Real Time Economics blog surveyed a few economist reactions to the President’s imposition of dramatically higher tariffs on imported tires.  My favorite, and perhaps most appropriate to our times: In 1930, the Republican controlled House of Rep, in an effort to alleviate the effects of the… Anyone? Anyone?… the Great Depression, … More Recessions: An especially bad time to impose bad public policies