The return of Dust Bowl economics

By

Opinion

July 11, 2018 - 11:00 PM

When pork prices collapsed amid a global trade war during the Great Depression, the Roosevelt Administration in 1933 had an idea — slaughter six million piglets. Put a floor under prices by destroying supply. It didn’t work. Now the Trump Administration may try its own version of Depressionomics by using the Commodity Credit Corporation (CCC) to support crop prices walloped by the Trump tariffs: Hurt farmers and then put them on the government dole. How about not hurting them in the first place?

That’s the question as Mr. Trump escalates his trade war, on Wednesday proposing 10…

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