How Desperate Is Elon?

Guest Post by Eric Peters

Elon can’t sell his cars – so he is suing to make people buy them.

Or at least, suing to compel the government to keep on paying people to buy them – if that distinction amounts to any meaningful difference.

Canada had a law – like the one in the U.S. – which greatly subsidized the individual purchase of Teslas and other electric cars via rebates bestowed upon those who did buy them. These purchaser subsidies amounted to several thousand dollars each, and worth a lot more to Tesla, et al, since without them the incentive to buy an electric car dims considerably.

Continue reading “How Desperate Is Elon?”

The U.S. spends $4 billion a year subsidizing ‘Stalinist-style’ domestic sugar production

Guest Post by Vincent H. Smith

In the United States, fewer than 4,500 farm businesses produce sugar. Yet they cost taxpayers up to $4 billion a year in subsidies.

The U.S. sugar program is a Stalinist-style supply control initiative that limits imports through quotas and domestic production through what are called marketing allotments.

This strategy substantially increases U.S. prices — on average U.S. sugar prices are about twice as high as world prices SBV8, +0.81%   — ensuring domestic sugar production is artificially higher, crowding out other productive uses of irrigable farmland.

Continue reading “The U.S. spends $4 billion a year subsidizing ‘Stalinist-style’ domestic sugar production”

TVs versus COLLEGE TEXTBOOKS

Continue reading “TVs versus COLLEGE TEXTBOOKS”