The purpose of U.S. sugar policies is to keep domestic prices artificially high, charges Chris Edwards, director of Tax Policy Studies at the Cato Institute, Washington, D.C.

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The purpose of U.S. sugar policies is to keep domestic prices artificially high, charges Chris Edwards, director of Tax Policy Studies at the Cato Institute, Washington, D.C. In recent decades, U.S. sugar prices typically have been two or more times higher than prices on world markets. The Federal government achieves that result by setting guaranteed prices and backing them up...