The high cost of farm welfare
(1989)

Nonfiction

eBook

Provider: hoopla

Details

PUBLISHED
[United States] : Cato Institute, 1989
Made available through hoopla
DESCRIPTION

1 online resource

ISBN/ISSN
9781937184056 (electronic bk.) MWT12676932, 1937184056 (electronic bk.) 12676932
LANGUAGE
English
NOTES

Few people have been helped by the massive farm subsidy programs that have developed over the past 5 years, charges agricultural economist Clifton B. Luttrell; the programs have been a colossal waste of money. In this book Luttrell traces the history of government intervention in the agricultural sector from the early price support schemes to the massive expansion of farm programs during the New Deal and the postwar period, then provides a comprehensive analysis of modern programs. He contends that such programs "tax the poor to enrich the wealthy." Luttrell concludes that dismantling the farm programs would provide major savings for American consumers and taxpayers, increase the economic viability of the nation's farming sector, and reduce the federal budget deficit by as much as $25 billion. His provocative arguments are sure to become required reading on U.S. farm policy

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