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What we are experiencing under Donald Trump is akin to market socialism, at best. In effect, we're paying rural farmers to cover for Trump's mistakes, and giving away our markets to Russia in the process. In layman terms, these farm subsidies are both handouts and the essence of vote buying.
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On a broader level, and for those of you keeping score at home, we now have: (1) annual trillion dollar budget deficits with no economic recession, (2) billions in farm subsidies to cover for idiotic trade wars, and (3) artificially low Fed interest rates.
Oh, and let's not forget that the U.S. just slipped from first to third place in global competitiveness rankings because of Trump's handling of the nation's economy.
Yeah, this is not the free market at work ... and it may get worse.
- Mark
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