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No, they're geniuses because they're subsidized and will always be profitable. They lowered prices by taking it from your taxes. Throw in subsidies like how Cl
by graphe 3y ago
No, they're geniuses because they're subsidized and will always be profitable. They lowered prices by taking it from your taxes.
Throw in subsidies like how Clinton ruined Jamaican rice with protectionism and your supply demand and price are no longer rational. https://www.texasgateway.org/resource/201-protectionism-indirect-subsidy-consumers-producers https://www.texasgateway.org/resource/201-protectionism-indi...
Econ 101 ignores subsidies which account for 100% of the big 3 crops and more like rice, and ignores any form of economics.
- Ensorceled 3y agoI don’t know where you took Econ 101 but mine definitely covered how things like subsidies and protectionism perversely impact market forces. You’re just blaming economists for bad policies at this point.