what would happen? I couldn't even begin to guess accurately, but it would have interesting economic implications for farmers, who would no longer be subsidized to not raise crops. I guess dairy farmers receive subsidies as well, etc.
The immigration debate would probably be moot, as without subsidized housing, AFDC, etc., the corporations wouldn't be able to hire anyone without paying enough to live in the area where a corporation's operations are located.
And as a tip of the hat to the minimum wage debate here on this forum, a "natural" minimum wage would no doubt be established without the economic meddling of both governments and corporations.
To close, just as a "thought experiment," what if Lord Keynes had never been born, and his theories never existed?



Reply With Quote


Bookmarks