Subject: Re: Also in his own words
It doesn't matter in the context of what we're discussing. Government can subsidize things using different levers. They can just pay money directly to subsidize it, or they can relinquish a tax obligation in the same amount. Because money is fungible, it doesn't matter which they do - the impact on the product's market is the same.

Money is fungible with respect to a single party controlling his or her income or within a business attempting to make decisions with its cash on hand. Money IS NOT fungible in the context of independent actors making independent - and unrelated - decisions about where it is spent.

We don't have a centrally controlled economy and God Willing we never will.