Very good sentences

…many of the same people who ridicule the idea that private-sector output is meaningfully reduced by higher taxes are convinced that private-sector output is meaningfully raised by higher subsidies.

That’s from Don Boudreaux.  You’ll also find that many proponents of hiking the minimum wage think that subsidizing low-wage jobs will work.  There are models where the relevant effects switch at just the right margins, of course; surely those models are true.