Jul 27, 11 •
219 Views •
Businesses, Demand, Supply, and Markets, Developing Economies, Government, Macroeconomic Measurement, Regulation, Thinking Economically •
Elaine Schwartz •
Maybe the market is more powerful than the Congress. First, some history… Hoping that farmers would earn a living wage, in 1933, the U.S. government decided to subsidize crop prices. The goal was “parity,” a level of purchasing power that
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