Episode 143 - The Story Behind America's "Government Cheese" And The Massive Caves Used To Store It
Why The U.S. Government Gave Away 60 Million Blocks Of Cheese In The Early 1980s
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Show Notes
In the 1970s, the U.S. faced a serious dairy shortage that sent prices soaring. To address this, the government, under Jimmy Carter, implemented a massive subsidy program for the dairy industry. $2 billion was pumped into dairy subsidies, milk production skyrocketed, and prices for consumers stabilized. By all metrics, the program was a success — but perhaps it was too successful.
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