Wayne Crews and Ryan Young explain that regulation is a costly tax
Cafe Hayek features Wayne Crews and Ryan Young's article on a costly hidden tax.
In an industry dominated by government subsidies, here’s an inspiring story of a small farming business that has excelled for 25 years without a dime from the government. In fact, the day I called them to propose doing the video, they had – that day – coincidentally met with a Department of Agriculture bureaucrat who was encouraging them to apply for a $4,000 grant. If we win the video contest, we’re sharing the winnings with them, and they will explicitly use the money instead of the $4,000 grant.
Wayne Crews and Ryan Young explain that regulation is a costly tax.