There Ain't No Such Thing as a Free Subsidy

08-15-2009 • Cafe Hayek / Don Boudreaux

Resources used to subsidize industry A (or industries A, B, and C) must come from somewhere; such subsidies might enable their recipient industries to expand output farther than otherwise and to sell at lower prices than otherwise, but these same subsidies will artificially raise the costs born by other industries in the country.

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