The Subsidy Battle

What is the truth about subsidies?

The U.S. Senate sent a $6.3 billion Lend-Lease appropriation to the White House last week. In it was a clause saying that none of the funds could be used to pay subsidies on domestic agricultural products. Not even the wildest-eyed proponent of subsidies had thought of using Lend-Lease funds for such a purpose, but the Congress took no chances: the farm bloc, in cahoots with both big & little business for once, is lined up in a solid phalanx against subsidies. The Administration and Labor are solidly...

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