May 5, 2008...10:58 am

Rice in Japan

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The solution to Japanese farmers’ bind of not selling any rice because of its high cost is simply to not grow any rice at all! With protectionist policies, they could make a fortune out of growing nothing!

“His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce.” Chapter 9 - Major Major Major Major, Catch-22.

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