Subsidies

This fifteen-year-old comic [click for full-size] captures the economics of subsidies and how they protect stupid ideas, e.g., US sugar, ethanol, ag water (opportunity cost!), "free"ways, over-fishers, Hetch-Hetchy "savers" (all covered here) as well as failing airlines (Italy), US car makers, many real estate developers, etc. elsewhere.


hattip to JWT