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The Goldman Sachs Group, Inc. Message Board

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  • obamabuddy obamabuddy Oct 26, 2008 7:19 AM Flag

    AM I THE ONLY ONE WHO UNDERSTANDS ECONOMICS???

    Part of the starvation equation though, is that its more of an economic problem, than a lack of food. During the Great Depression, there was plenty of food around, but it couldn't be distributed because it cost more to ship it to market, than the stuff could be sold for. My family was potato farmers in Idaho in the 1930s, and they sold the farm and left after having to dump all their product at the rail stations because it had so little value. Interestingly, it worked out for me since they moved to Santa Barbara, and got into Real Estate. Many $$$ later, it was a good decision.

 
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