Subsidies for silver,the Bland-Allison Act of 1878,and the Silver Purchase Acts of 1890 and 1933 all provide examples of government programs

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All three examples involve government programs that reflect the political attractiveness of special-interest issues rather than being based on careful cost-benefit analysis or promoting the general welfare. The subsidies for silver were favored by western mining interests, the Bland-Allison Act was designed to appease silver-mining states and silver currency advocates, and the Silver Purchase Acts of 1890 and 1933 were attempts to prop up the silver market and protect the interests of silver producers.

Subsidies for Silver,the Bland-Allison Act of 1878,and the Silver Purchase