Subsidies
  • subhead: 
    C:\Spin #201
    President-elect Obama's appointment of Rahm Emanuel as his Chief of Staff may make a push for misguided trade initiatives less likely.
  • subhead: 
    Good for Special Interests, Bad for Consumers and Taxpayers

    Washington, D.C., December 14, 2007—Yesterday the Senate passed the 2007 farm bill, the first major revision of agricultural policy in five years. "The $286 billion Senate version of the Farm Bill is a good deal for farmers, but a shabby one for taxpayers who foot the bill for this Congressional largesse," said Competitive Enterprise Institute Adjunct Fellow Fran Smith.

  • subhead: 
    A Case Study in the Law of Unintended Consequences
    legacy_type_id: 
    25
    legacy_article_id: 
    5976

    A boom in ethanol production is taking place today for variety of reasons. Undoubtedly, the most significant factor is government support and subsidies for biofuel production. The rationale for subsiding biofuels arises from a convergence of security, environmental, and nationalistic concerns, which has led policy makers to endorse stiffer mandates and increased subsidies.