Education of the Mind: TIL of the Canadian Wheat Board, a 'monopsony', where the market had only one buyer. It was illegal for farmers to sell wheat or barley to anyone except them. When the market was good, farmers got profits; if the market was bad, farmers got paid anyway.

Saturday, July 15, 2017

TIL of the Canadian Wheat Board, a 'monopsony', where the market had only one buyer. It was illegal for farmers to sell wheat or barley to anyone except them. When the market was good, farmers got profits; if the market was bad, farmers got paid anyway.

http://ift.tt/29cqnOy via /r/todayilearned http://ift.tt/2trzu5n

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