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At this nation's founding, nearly nine out of 10 workers were employed in agriculture. By 1900 that fell to fewer than four in 10. Today, fewer than one in every 100 workers is in agriculture, and less than 1% of gross domestic product is attributable to agriculture. Yet this country spends billions upon billions of dollars subsidizing a system that makes almost everyone in the world worse off....
Subsidies combined with trade barriers (another term for subsidy) prop up the price of food for consumers at home and hurt farmers abroad. This is repugnant because agriculture is a keystone industry for developing nations and a luxury for developed ones. This keeps Third World nations impoverished, economically dependent and politically unstable. Our farm subsidies alone � forget trade barriers � cost developing countries $24 billion every year, according to the National Center for Policy Analysis. Letting poor nations prosper would be worth a lot more than the equivalent amount in foreign aid.




When I was an assistant professor at the University of Chicago, a senior colleague once told me his secret to academic success: One bad article equals five great ones. His point was that the worst thing a scholar can do is to publish too much, as opposed to too little. Any substandard publication creates a black mark that is difficult to erase.
This sounds like a smug senior professor aiming to paralyze a junior colleague's creativity.
The truth is that producing bad papers is one of the costs of producing good papers. When you swing for a home run, you are more likely to strike out. The only way to avoid the occasional strike out is to quit the game.