Uncle Sam Is a Sugar Daddy

by Laurence M. Vance
Jul. 19, 2012

When the government of a foreign country tells companies in a particular industry how much of its product it can sell; guarantees minimum prices; provides nonrecourse loans; restricts imports of foreign product; buys up excess product; and seeks to stabilize, support, and protect the industry, it is denounced as socialism or central planning.

But when the same thing occurs in the United States, it is called the U.S. Department of Agriculture sugar program.

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