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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Oblomov who wrote (89291)10/27/2008 2:43:10 PM
From: Joe Btfsplk  Read Replies (1) of 116555
 
Millions of acres of crops were burned in an inane and quixotic desire to support crop prices

Unrecognized at the time, a monetary contraction left folks without the currency to engage in commercial transactions.

Another egregious example was FDR ordering the destruction of six million hogs to support prices - while many were actually starving.

And yet the mythology trumps serious analysis.
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