Government Grind: Brazilian Coffee Plan Unlikely to Keep Prices Up

For the record, I'm against government subsidies and believe market economies should remain true to their mandate and remain market economies, free from government meddling. Government programs almost always create the wrong incentives, are inefficiently administrated and have the political impact of distorting the democratic process by essentially buying votes.

While America's history of botched government aid programs is not much better than the rest of the world's, a Brazilian scheme to keep coffee off the world market appears to be failing even before it begins.

Brazil's Plan

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