Here's the 8 min segment of a much longer interview which can also be found on youtube (search "Peter Schiff Joe Rogan" to see the recent one and a 2014 version)
Four years ago Jim Powell at Cato wrote a similar article for Forbes: https://www.forbes.com/sites/jimpowell/2013/08/01/how-did-rich-connecticut-morph-into-one-of-americas-worst-performing-economies/#e0b81e03af5
The Cato Institute gives Connecticut Governor Dannel P. Malloy an F grade for his economic policies that throttle investors and entrepreneurs. Malloy creates a more hostile climate for business, but then tries to compensate for the damage with tax incentives.
I doubt this will surprise anyone here. GE moved from Fairfield to Boston (not too long after Charlie Baker replaced Deval Patrick). Peter Schiff has been wanting to get out for years.
Farmers get government subsidies for everything under the sun.
Indeed. I hope more people watch that Milton Friedman video (it's from a 3 part 80s series called Tyranny of the Status Quo) where he discusses agriculture subsidies.
When the price of anything falls low enough (in a free market), people find new uses for it and the market expands. Yaron Brook points this out during his great lecture at The Citadel, also on youtube. If you don't have 2 hours to spend just start at 1:19:25 for a few minutes and you might be convinced to watch the whole video.
Converting to cheese adds another layer of costs, these farmers are already refusing to sell basic milk because of low market demand. In a free market they’d take any price above zero to defray overhead, but with “other people’s money” dumping is the easiest option.
Obviously many farmers, big and small, real farmers and professionals quick to cash in on a good thing have benefited from these programs. They would loudly protest the end of these benefits, but everyone else would reap both lower taxes and lower food bills. https://www.youtube.com/watch?v=lSdZXYk3zKI The 11 min segment (of a half hour program available free on youtube) describes the special-interest driven waste in America and Europe, where they've had a mountain of butter and who knows what else these days.
Indeed. So many complain that prices are unstable without intervention, then blame artificial shortages and surpluses on the free market. Remind you all of another price that’s currently much lower than it should be?
Notice how in the agweb article they quote a “part-time USDA economist”
A headline for this was subscriber-only, but another search linked to the full text (not sure how long it will stay there). Reminds me of an excellent Friedman discussion from the 1980s that I watched a few years ago. Sad how nothing changes: