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Economics 101, Beef and Cattle
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ntexcotton
Posted 5/3/2021 21:32 (#8985994 - in reply to #8985621)
Subject: RE: Economics 101, Beef and Cattle


North Central Texas
Most experts would agree that if the government would have let standard go, Teaxaco, gulf and others would have taken the market and been major players without help. The same scenerio was seen in the packer market. Liberal progressives that couldn't break those industries on the union side attacked them through government regulation. No wrong doing in oil or Packers was ever found after. Folks that could make a buck on the demise pushed it hard and they profited. We ended up with stagnate prices for decades later.
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