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#1
12-10-2006, 01:28 PM
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Benevolent govt raises price of milk
Article here
Brief synopsis: milk in the U.S. is not sold on the free market, but is rather subject to a byzantine set of regulations and price controls that artificially raise its price, thus hurting consumers. An entrepreneurial dairyman finds a loophole that allows him to sell milk for less. He outcompetes the government-operated dairy pools, makes a fortune while benefiting consumers, and everyone lives happily ever after. Oh, sorry, I just dreamed that last sentence. What really happens is his competitors spend millions of dollars buying off politicians to write a special law targeted just at him, which is passed without hearing or debate, shutting off his innovation and making losers of the American public. The money quote: "I still think this is a great country," Hettinga said. "In Mexico, they would have just shot me." Is this what we've come to? The U.S. is a great country because they "legally" coerce you out of business, rather than just shooting you? (Hat tip to cafehayek for the story) 
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#8
12-10-2006, 04:40 PM
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Re: Benevolent govt raises price of milk
This is pretty gross. The bad part is the existing system though, not that they shut down people who exploit loopholes.
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#9
12-10-2006, 04:48 PM
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Re: Benevolent govt raises price of milk
[ QUOTE ]
This is pretty gross. The bad part is the existing system though, not that they shut down people who exploit loopholes. [/ QUOTE ] So the system is bad, but trying to go outside the bad system is also bad?
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#10
12-10-2006, 05:30 PM
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Re: Benevolent govt raises price of milk
[ QUOTE ]
Do you think milk would cost less at the retail level if all government controls and subsidies were removed? [/ QUOTE ] Even if it cost more, that would still be a reason to remove government subsidies. Do you see why?
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