Monday, May 14, 2018

The current House Agriculture Committee farm bill: a test to see if free-market principles still have a place in post-American legislating

The Committee is set to consider it this week.

Will it collectively have the courage to stand for free-market principles instead of subsidies and government crop insurance?

The whole notion of an ongoing "farm bill" got started in 1933. Perhaps an argument could be made that an emergency measure was called for at that economically disastrous moment. But the opportunism that seems be a permanent post-progressive feature of Congress made for its continuation to this day in the form of updating in roughly five-year cycles.  The economic lopsidedness thereby resulting is far beyond what most government meddling does in terms of distorting the market value of goods and services.

This will be a great test of character for the committee's members, a classic case of whether sound principle or specials interests will prevail.


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