Peanuts, John Block Commentary on Trade

As a farmer, I would not like it if Europe shipped subsidized beef into our market. That would undercut our prices. What if Brazil shipped subsidized soybeans to us? We would be furious.

Did you know that the U.S. government does this all of the time? Think about it this way. There are millions of people underfed, some starving, in many countries. The humanitarian thing to do is, send them food. And we should, but it’s not as simple as that.