Libertarians can be reasonable. We can support some regulation, when it is absolutely necesary. Like this idea, via Sallie James at Cato:
James Gibney, a reporter from the Atlantic, called me last week to ask some questions about dairy supports. He was preparing a blog post to propose a new labelling idea that might help break the frustrating stranglehold that the farm lobby has over U.S. agricultural policy. Here's James' idea:
To wit, every product whose ingredients benefit from a subsidy should include the following language on the label:
"This product has been subsidized by the U.S. government at taxpayer expense. For more information, please visit usda.gov."
And every product that benefits from tariff protection should have the following language on the label:
"This product is protected from foreign competition by U.S. import tariffs. Its price is higher as a result. For more information, please visit usitc.gov."