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**AnetTeilor** · 01-21-2009, 05:52 PM

Do you know anything about market failures? During the depression food sat on the side of the road while people went hungry because no one wanted to pay to have it delivered to market.

QFT. The image that sticks best in my mind was of shotgun-wielding guards keeping starving people away from huge piles of oranges that were left to rot in the sun... in order for the price of oranges to increase.

01-21-2009, 05:52 PM	#18
AnetTeilor Join Date Oct 2005 Posts 518 Senior Member	Do you know anything about market failures? During the depression food sat on the side of the road while people went hungry because no one wanted to pay to have it delivered to market. QFT. The image that sticks best in my mind was of shotgun-wielding guards keeping starving people away from huge piles of oranges that were left to rot in the sun... in order for the price of oranges to increase.
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