Bread And Circuses

This from Tyler Cowen is just too good not to pass along:

Don Boudreaux, chair of the GMU econ department, comments on this sign of the times:

…Uncle Sam is on the verge of paying the City of Los Angeles $30 million to subsidize a ten-year run of Cirque du Soleil.

So it’s finally come to pass – America has embarked on the same road down which ancient Rome marched to its ruin: Uncle Sam not only subsidizes bread (by subsidizing wheat production) but now also circuses.

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