In response to:

Yes, Slash Farm Subsidies — But Don't Stop There

Reginald10 Wrote: Nov 26, 2012 5:24 PM
Isn't this what the futures market, and other forms of "speculation" are for? If there's a sporting chance of a crop failure next year, then growing & storing some crops this year would seem like a good way to make money (and relieve next year's shortage).

THANKSGIVING IS behind us. The fiscal "cliff" looms ahead. And in less than six weeks, Massachusetts will have a new senator. Let's try to link them all in a single column.

As a candidate for the US Senate, Elizabeth Warren showed a livelier interest in raising federal revenues than in cutting government spending. But about one spending target the senator-elect has been admirably blunt. When asked to name some items in the federal budget she'd like to see slashed, the first program she cites is one of the most indefensible: agriculture subsidies.

To be sure, it's easier to oppose welfare...