The Great Depression’s food destruction program (Sowell)
February 1st, 2008 | Published in Agriculture, Economics, History, Quotes
During the Great Depression of the 1930s, agricultural price support programs led to vast amounts of food being deliberately destroyed at a time when malnutrition was a serious problem in the United States and hunger marches were taking place in cities across the country. For example, the federal government bought 6 million hogs in 1933 alone and destroyed them. Huge amounts of farm produce were plowed under, in order to keep it off the market and maintain prices at the officially fixed level, and vast amounts of milk were poured down the sewers for the same reason. Meanwhile, many American children were suffering from diseases caused by malnutrition.
–Thomas Sowell, Basic Economics (3rd Edition, Basic Books, 2007), p. 56.