Agriculture is easily the most distorted sector, with high tariffs and, in developed countries at least, large amounts of government subsidies through price supports and direct payments. On the other hand, developing countries, who have a comparative advantage in these products, cannot afford to subsidize their agriculture sector and face prohibitive tariffs for their products abroad. The powerful agriculture lobby groups, particularly in the large developed countries, make reform politically difficult. Chris Edwards, Sallie James and Dan Ikenson discuss the inequities of American farm policies.
This video was produced by Caleb Brown ( http://www.twitter.com/cobrown ) and Austin Bragg ( http://www.twitter.com/habragg ).
Duration : 0:5:33
In his book Free to Choose, Milton Friedman described four ways to spend money.
Politicians are going to spend $800 billion dollars which they claim will stimulate the economy. For the same amount of money we could eliminate the payroll tax for the rest of the year, giving the average worker thousands of dollars back in their pocket. Instead of more government spending, why not just let the American people spend their own money?
See more of Tim’s videos at