Strategic cheese reserve

Another brilliant idea from our federal government:

For years, the federal government bought the [dairy] industry’s excess cheese and butter, an outgrowth of a Depression-era commitment to use price supports and other tools to maintain the dairy industry as a vital national resource. This stockpile, packed away in cool caves in Missouri, grew to a value of more than $4 billion by 1983, when Washington switched gears.

In 2010 dollars, that’s $8.8 billion of cheese and butter tucked away in caves!

(Via Volokh.)

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