Crony Catfish

Catfish cc

(From CATO)

After years of controversy and equivocation, a new federal catfish inspection program has finally come into force.  The program—supported by the U.S. catfish industry—ranks amongthe crony-est of crony boondoggles.  It’s also a blatant example of thinly-disguised regulatory protectionism and a violation of U.S. trade obligations…

…The main impact of the new inspection regime—and its actual purpose—is that foreign catfish producers will be banned from the U.S. market until they can show equivalence to U.S. production standards.  Regardless of how they produce the catfish, showing equivalence will take years.  In the meantime, U.S. consumers will be left with nothing but domestic catfish at hugely inflated prices.

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