Notes on the Coming Meat Shortage
On Tuesday, President Donald Trump invoked the Defense Production Act to compel the nation's biggest meat processors to stay open and stave off shortages. How exactly the feds will "address liability issues" (which Tyson Foods execs complained about to Trump) and force union leaders to comply remains unclear. Whether the order actually heads off mass hysteria is also iffy. As we saw with the toilet paper rush, Chicken Little-ism is contagious. Warnings about shortages induce shortages. Admonitions of "Don't hoard the Charmin" failed in the face of mob behavior. Same with "Don't hoard the hocks."