OVERSEAS TRADE: US farm bill buries talk of free trade in agriculture*

Why is it economically sound for the US to bail out financially embarrassed banks, but wrong for the US to help struggling farmers?The world’s central bankers have been applauded for handing out unprecedented subsidies to the financial markets after the sub-prime collapse, but subsidies to US, EU and Japanese farmers are being roundly condemned.As the sub-prime mortgage market collapse progressed, US Federal Reserve chairman, Ben Bernanke, and his fellow central bankers around the world slashed …

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