ohmigod yes!
Sunday, August 26, 2018
Thursday, August 23, 2018
Wednesday, August 15, 2018
Episode 4: US Government + $50 Million in Milk
https://abcnews.go.com/Politics/us-government-buying-50-million-milk-dairy-farmers/story?id=57180332
Summary: The USDA is purchasing surplus milk, sending them to food banks and schools. A possible reason for this government decision is the uncertainty of milk farm markets.
Analysis:
Summary: The USDA is purchasing surplus milk, sending them to food banks and schools. A possible reason for this government decision is the uncertainty of milk farm markets.
Analysis:
This is a example of what modern government intervention looks
like. This ABC article mentioned that the need for government intervention was
not caused by President Trump’s latest tariffs, but by the fact that dairy is
becoming a failing industry. With hundreds of dairy farms closing in the
past two decades, people who make a livelihood from this specific industry have
faced hardship in marketing enough of their goods as other “milk” industries
rise.
This event strikes me as very similar to policies enacted by
President Franklin D. Rooselvelt during the Great Depression which saw potential
for economic growth through deficit government spending. Not that this dairy
intervention is deficit spending, but in many ways, it’s the modern U.S.
government’s attempt to stabilize the failing dairy industry. What is hopeful
about this is, as a citizen, this very much means that the US government is
willing to intervene into industries that contain many jobs. Looking at this
from a more obtuse angle, US policymakers do care and take into consideration economic
growth and how that directly affects the lives of US citizens and generations
to come.
Wednesday, August 8, 2018
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