Another Subsidy

I, personally, think we ought to abolish all subsidies. Farm subsidies, business subsidies, housing subsidies, even student loan subsidies. The basic effect of a subsidy is to encourage people to stay in a business that cannot support that number of participants. Subsidies distort the market by steering resources to business that ought to be allowed to die. Here's an article on a subsidy that most of us had probably forgotten about. I don't think that anything about this particular case would lead one to doubt the general principle that subsidies are bad.