You’ve got to be kidding—farm subsidies and floors save us from deflation?
So too would housing and healthcare supports, too, I guess. So really Obamacare must be a great, great thing.
Kinda hard to see how crony agricultural capitalism is required when those foods that don’t have price supports don’t suffer from both scarcity and “too-low” prices.
Everything was out of wack in the depression, which was also back in the day before we had modern food storage, processing and transportation.
As Mark Leving pointed out last night, ethanol subsidies raise the price of food globally—including for those in third world countries without enough to eat.
Throwing US agriculture into a deflationary spiral won't help any starving people. It will create more. You don't know what you're talking about and your ideas are dangerous.