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The government doesn't control the price of corn, oil, coal, or steel except indirectly via government policy.
by jnwatson 7y ago
The government doesn't control the price of corn, oil, coal, or steel except indirectly via government policy.
- burkaman 7y agoSubsidies paid directly to farmers are not indirect. The Energy Policy Act (https://en.wikipedia.org/wiki/Energy_Policy_Act_of_2005 https://en.wikipedia.org/wiki/Energy_Policy_Act_of_2005), which sets a mandatory minimum amount of corn that must be made into ethanol, is not indirect.
- viklove 7y agoTurns out we value corn more than the people who farm corn. What a time to be alive.
- munk-a 7y agoFor Oil the US has a strategic reserve that they dole out whenever they need to appease the public - you could say this is an indirect effect, but selling it for cheap on the open market to drive the price down is reeeeally close to just directly setting the price.