Relevant and even prescient commentary on news, politics and the economy.

What Secretary and former Fed Chair Janet Yellen proposes

Farmer and Farm Economist Michael Smith on latest proposed business policies which can impact U.S. Farming. Secretary and former Fed Chair Janet Yellen recently went on CBS in order to sell the changes to the tax code provisions that would trigger events yet unknown at the $600 level,  and potentially beyond. I’ll leave this proposal […]

Turns out that farm subsidies aren’t the only federal program Joni Ernst won’t vote to kill if she wins that Senate race. There’s one more federal program she wants to keep.

Ernst likes FEMA and wants to keep it!  So does her father.  This even though some blue states benefit from it sometimes, too! Go figure. She won’t even squawk about appropriations for it.  Then again, she’s a turkey, not a chicken.  So she might cluck.   —- APPENDED: From the Comments thread here: EMichael / October 8, 2014 10:55 […]

There’s a Palpable Fear Amongst Kansans, All Across That State, That the Farm Subsidy Levels They Love, and Cherish, and Honor, Will Be Reduced or that the Program Will Be Eliminated. (Or, in light of their senior senator’s comments earlier this week, there should be.)

Post has been cut-and-paste-typo-corrected. 9/28 at 11:43 a.m. —- There’s a palpable fear amongst Kansans, all across this state, that the America that we love, and cherish, and honor, will not be the same America for our kids and grand kids. And that’s wrong. That’s very wrong. As a result, unfortunately, people are losing faith […]

Farm subsidies and entrenched wealth

Lynne Kiesling writes Farm subsidies and entrenched wealth at Knowledge Problem: Veronique de Rugy has a great argument for ending farm subsidies in the April issue of Reason (and yes, do read the whole thing, well worth your time). Farm subsidies are the canonical example of the dynamics of Mancur Olson’s Logic of Collective Action […]