Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Subsidies are different from price ceilings; subsidies often spur over-production along with over-consumption (think HFCS), whereas price ceilings discourage production and encourage hoarding (arguably a form of over-consumption). Price ceilings also foster a domestic black market, whereas subsidies foster an export black market.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: