The Cotton Wars

The Brazilian cotton saga continues…or maybe it has ended. Our story starts with the $150 million a year that the US had been giving to Brazilian cotton growers. We were sending close to $12 mil…

World Trade Spin

We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said th…

Doha Deadlock

Can you convince a Lubbock, Texas cotton farmer (or his Congressman) to forgo his (maybe $150,000) cotton subsidy? Probably not. After all, these U.S. government payments let him profitably compete in…

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