SUBSIDIES RAISE LAND PRICES – WELL, THERE’S A SURPRISE
April 12, 2011
If governments pay subsidies on or protect a productive process then it is inevitable that the price of the factors involved in that production will rise. In the case of agriculture the most obvious example is the effect of subsidies on the price of land. In their most extreme form, subsidy systems have the effect… » read more
Posted by Brian Gardner
