Making fudge, EU-style

May 28, 2010

Here’s another video from the TaxPayer’s Alliance, this one explaining how the European Union’s agricultural policies leave Britons paying £398/$575 more than they should for their groceries. Maybe it’s because I like to cook and I’m a Jamie Oliver fan, but I think it’s effective – and it made me laugh:

More seriously, the trade barriers set up against agricultural goods from outside the EU is a real scandal: they preach sanctimoniously about “helping the Third World,” yet they block African goods from their markets, denying farmers there a chance to make good money and lift themselves from poverty, all to support a highly subsidized EU farm sector.

And, yeah, I support getting rid of agricultural subsidies and tariffs here, too. They’re mostly welfare for the big agribusiness farms.


President Barack Smoot-Hawley

September 16, 2009

I’ve said it before and I’ll say it again: raising tariffs and starting a trade war during a recession is stupid: it is the exact opposite of what you want to do, for it chokes off the very commerce needed to foster renewed growth.

Of course, when we have a president so ignorant of basic economics that he thinks of profits as part of a business’ overhead:

But by avoiding some of the overhead that gets eaten up at private companies by profits and excessive administrative costs and executive salaries…

…It’s perhaps a bit much to expect him to understand the importance of free trade to prosperity.  Doh

LINKS: Hot Air.