This guest post was submitted by Congressman Kevin Cramer who is challenging incumbent U.S. Senator Heidi Heitkamp this election cycle. I am pleased to announce that U.S. Secretary of Commerce Wilbur Ross and U.S. Department of Agriculture Deputy Secretary Stephen Censky will visit North Dakota on Thursday, August 23. I am confident the upcoming visit…
Bankrupt Nation Full Of Fatties Considering Bailout For Big Sugar
Sure. Why not. The U.S. Department of Agriculture is considering buying 400,000 tons of sugar—enough for 142 billion Hershey’s HSY +0.08% Kisses—to stave off a wave of defaults by sugar processors that borrowed $862 million under a government price-support program. The action aims to prop up tumbling U.S. sugar prices, which have fallen 18% since…
Obama's Tariff On Low-Wage Labor
George Mason Professor of Economics Donald Boudreaux asks President Obama to justify his proposal for increasing minimum wages with his policy of inflating the price of imported goods with tariffs: Dear Mr. Obama: In this year’s State of the Union Show you called for the hourly minimum-wage to be raised from $7.25 to $9.00. That’s…
Biofuels Causing Famine
This is what happens when the government distorts markets with subsidies, mandates and protectionism. Recent laws in the United States and Europe that mandate the increasing use of biofuel in cars have had far-flung ripple effects, economists say, as land once devoted to growing food for humans is now sometimes more profitably used for churning…