It’s funny how ‘taming’ the business cycle results in moral hazards and selective bonanzas. I’m thinking of the dairy subsidies, Sam Donaldson’s mohair wool subsidies, sugar quotas, and all manner of corporate cronyism. Prices inevitably go up, competition is stymied, and barriers are erected to entry of many fields.
And we prattle on about how free we are.
At least the raisen growers won against the gov’t confiscating a good portion of their crop due to some law trying to keep the price of raisins up.