[Jaysun]

Food prices would drop in the long run without subsidies and price controls. Those subsidies don't make any sense from a free market system. The same would be true for steel subsidies and prices controls, etc. All of it should be eliminated.

I agree. But just like every other absurd idea pushed on us during the American Socialist Revolution, we need to be careful. We can't just end Social Security and Medicare tomorrow, it takes some planning.

[Hendrix]

I agree it takes some planning to phase it out or we could cause a problem in the economy. The same thing is true of tax reform. If we got rid of the Internal Revenue Code and implemented a simple flat tax, it would save billions of wasted tax compliance resources. However, it would also suddenly throw a lot of people out of work, which could be bad in the short run.