Congress is working on a farm bill, which, among other things,
will set limits on how high or low milk prices can be in different
regions of the country.
Politicians from both parties like to meddle in agriculture. When the Heritage Foundation told Republicans not to pass any farm bill, "conservative" politicians banned Heritage from their weekly meetings.
But why should politicians be involved in agriculture? Why should they set food prices, any more than they set the price of books or staplers? The market decides most prices, so we don't have to wait with bated breath for politicians to make up their minds.
In a normal market, sellers charge the highest price their customers will pay -- and then lower the price when they lose customers to sellers who charge less. Competition keeps prices low, not generosity or warm-heartedness. Or government.
http://reason.com/archives/2013/09/04/why-is-government-fixing-the-price-of-mi
Politicians from both parties like to meddle in agriculture. When the Heritage Foundation told Republicans not to pass any farm bill, "conservative" politicians banned Heritage from their weekly meetings.
But why should politicians be involved in agriculture? Why should they set food prices, any more than they set the price of books or staplers? The market decides most prices, so we don't have to wait with bated breath for politicians to make up their minds.
In a normal market, sellers charge the highest price their customers will pay -- and then lower the price when they lose customers to sellers who charge less. Competition keeps prices low, not generosity or warm-heartedness. Or government.
http://reason.com/archives/2013/09/04/why-is-government-fixing-the-price-of-mi
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