Writes Vincent Smith, Visiting Scholar at American Enterprise Institute (AEI):
Valentine's Day is here again, and every lover who buys his or her significant other a box of candy will pay just a little bit more for the privilege. This is because sugar quotas guarantee sugar cane and beet producers and sugar processors higher returns that they would obtain if they faced genuine competition from the global market.You can learn more at AEI's American Boondoggle.
Here is a 2009 piece from AEI's Kevin Hassett on true love.
Here is what Tyler Cowen, General Director of the Mercatus Center, and Adjunct Scholar at the Cato Institute, has to say:
Love actually rings in at $43,842.08, according to RateSupermarket.ca, which has calculated the price tag of the typical modern relationship – from a one-year courtship, followed by a one-year engagement to the wedding day.Betsey Stevenson of the University of Michigan and Justin Wolfers, a Nonresident Senior Fellow, Economics Studies at the Brookings Institution, penned a piece today titled "Valentine's Day and the Economics of Love" that has a slightly happier tone.