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Profit or loss. The University of California Department of Economics says "There are two reasons for the vast increase in prices. 1st. The increase in money in circulation, including credit instruments. 2nd. Actual scarcity of food and an abnormal demand. War or no war, food prices generally will not fall in the next two years ... Do not be afraid to over-produce
University of California, Berkeley. College of Agriculture
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Hoover Institution
Hoover Institution Digital Collections
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