Does the US government have any planning in place to ensure there's no shortages of food, fuel, steel and...
Every time we go shopping store shelves are full of food, gas stations are stocked up on gas, car dealerships have no shortage of cars, etc. But who is ensuring that all of the complex processes required to maintain this state of affairs go smoothly? Is it just the free market doing its thing without any coordination? Or is there an office somewhere in DC where a big committee draws up a plan to ensure that no shortages take place in the foreseeable future?
united-states economy policy
add a comment |
Every time we go shopping store shelves are full of food, gas stations are stocked up on gas, car dealerships have no shortage of cars, etc. But who is ensuring that all of the complex processes required to maintain this state of affairs go smoothly? Is it just the free market doing its thing without any coordination? Or is there an office somewhere in DC where a big committee draws up a plan to ensure that no shortages take place in the foreseeable future?
united-states economy policy
add a comment |
Every time we go shopping store shelves are full of food, gas stations are stocked up on gas, car dealerships have no shortage of cars, etc. But who is ensuring that all of the complex processes required to maintain this state of affairs go smoothly? Is it just the free market doing its thing without any coordination? Or is there an office somewhere in DC where a big committee draws up a plan to ensure that no shortages take place in the foreseeable future?
united-states economy policy
Every time we go shopping store shelves are full of food, gas stations are stocked up on gas, car dealerships have no shortage of cars, etc. But who is ensuring that all of the complex processes required to maintain this state of affairs go smoothly? Is it just the free market doing its thing without any coordination? Or is there an office somewhere in DC where a big committee draws up a plan to ensure that no shortages take place in the foreseeable future?
united-states economy policy
united-states economy policy
edited 3 hours ago
JJJ
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asked 7 hours ago
JonathanReezJonathanReez
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13.7k1578156
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Although the United States generally avoids economic planning (and even industrial policy), this is not to say the government leaves everything to the market. I don't have much expertise on this topic so I'm sure the following list will be incomplete. But here are some examples of ways that the federal government intervenes to ensure the continued availability of basic consumer products.
Fuel and energy: 1) The Strategic Petroleum Reserve is an emergency supply of crude oil maintained by the federal government. This system was created as a response to shortages in the 1970s. It currently has about 30 days supply. 2) The Federal Energy Regulatory Commission oversees the development of energy transmission infrastructure like pipelines and the electrical grid.
Food: 1) The United States government has intermittently held strategic grain reserves. However since the 1970s at least, these seem to have been for foreign aid, not domestic consumption. 2) The USDA's National Agricultural Statistics Service closely monitors the national food supply month by month. 3) Other parts of the USDA provide subsidies, technical assistance, and other forms of support to farmers which help ensure an adequate food supply.
General: The Federal Reserve tracks things like price inflation for durable goods, which may influence monetary policy and other measures.
Finally I will note that during the Great Depression and especially during the two World Wars, federal intervention in the markets for basic commodities was far more active. See for example the War Production Board.
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
add a comment |
U.S.-Iran Oil Consortium
In August 1953, the Iranian military, with the help of British and U.S. intelligence agencies, overthrows Iranian Prime Minister Mohammad Mossadeq—who nationalized the country's oil industry two years earlier. The U.S. government works with U.S. oil majors and the Iranian government—now run by the Shah—to bring Iranian oil back online following a British embargo of oil shipments. Iran's oil remains nationalized, but in October 1954 the government agrees to a consortium of mainly U.S. companies to manage Iran's oil industry.
Suez Canal Crisis
In a 1957 speech to Congress, Eisenhower says the Middle East would be a prize for international communism and asks Congress to provide economic and military support for any nation or groups of nations in the region with "governments manifestly dedicated to the preservation of independence and resistance to subversion."
Iran-Iraq War
The Reagan administration issues a national security directive in 1983 to increase the U.S. military presence in the Persian Gulf to help protect the oil facilities and shipments to allies. The war lasts eight years.
https://www.cfr.org/timeline/oil-dependence-and-us-foreign-policy
Carter Doctrine
The Carter Doctrine was a policy proclaimed by President of the United States Jimmy Carter in his State of the Union Address on January 23, 1980, which stated that the United States would use military force, if necessary, to defend its national interests in the Persian Gulf.
There are other examples at the first link, and that's just oil. The US has hundreds of military bases around the world to control strategic minerals and other commodities.
This does not answer the question.
– Stephen
1 hour ago
add a comment |
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2 Answers
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active
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2 Answers
2
active
oldest
votes
active
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Although the United States generally avoids economic planning (and even industrial policy), this is not to say the government leaves everything to the market. I don't have much expertise on this topic so I'm sure the following list will be incomplete. But here are some examples of ways that the federal government intervenes to ensure the continued availability of basic consumer products.
Fuel and energy: 1) The Strategic Petroleum Reserve is an emergency supply of crude oil maintained by the federal government. This system was created as a response to shortages in the 1970s. It currently has about 30 days supply. 2) The Federal Energy Regulatory Commission oversees the development of energy transmission infrastructure like pipelines and the electrical grid.
Food: 1) The United States government has intermittently held strategic grain reserves. However since the 1970s at least, these seem to have been for foreign aid, not domestic consumption. 2) The USDA's National Agricultural Statistics Service closely monitors the national food supply month by month. 3) Other parts of the USDA provide subsidies, technical assistance, and other forms of support to farmers which help ensure an adequate food supply.
General: The Federal Reserve tracks things like price inflation for durable goods, which may influence monetary policy and other measures.
Finally I will note that during the Great Depression and especially during the two World Wars, federal intervention in the markets for basic commodities was far more active. See for example the War Production Board.
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
add a comment |
Although the United States generally avoids economic planning (and even industrial policy), this is not to say the government leaves everything to the market. I don't have much expertise on this topic so I'm sure the following list will be incomplete. But here are some examples of ways that the federal government intervenes to ensure the continued availability of basic consumer products.
Fuel and energy: 1) The Strategic Petroleum Reserve is an emergency supply of crude oil maintained by the federal government. This system was created as a response to shortages in the 1970s. It currently has about 30 days supply. 2) The Federal Energy Regulatory Commission oversees the development of energy transmission infrastructure like pipelines and the electrical grid.
Food: 1) The United States government has intermittently held strategic grain reserves. However since the 1970s at least, these seem to have been for foreign aid, not domestic consumption. 2) The USDA's National Agricultural Statistics Service closely monitors the national food supply month by month. 3) Other parts of the USDA provide subsidies, technical assistance, and other forms of support to farmers which help ensure an adequate food supply.
General: The Federal Reserve tracks things like price inflation for durable goods, which may influence monetary policy and other measures.
Finally I will note that during the Great Depression and especially during the two World Wars, federal intervention in the markets for basic commodities was far more active. See for example the War Production Board.
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
add a comment |
Although the United States generally avoids economic planning (and even industrial policy), this is not to say the government leaves everything to the market. I don't have much expertise on this topic so I'm sure the following list will be incomplete. But here are some examples of ways that the federal government intervenes to ensure the continued availability of basic consumer products.
Fuel and energy: 1) The Strategic Petroleum Reserve is an emergency supply of crude oil maintained by the federal government. This system was created as a response to shortages in the 1970s. It currently has about 30 days supply. 2) The Federal Energy Regulatory Commission oversees the development of energy transmission infrastructure like pipelines and the electrical grid.
Food: 1) The United States government has intermittently held strategic grain reserves. However since the 1970s at least, these seem to have been for foreign aid, not domestic consumption. 2) The USDA's National Agricultural Statistics Service closely monitors the national food supply month by month. 3) Other parts of the USDA provide subsidies, technical assistance, and other forms of support to farmers which help ensure an adequate food supply.
General: The Federal Reserve tracks things like price inflation for durable goods, which may influence monetary policy and other measures.
Finally I will note that during the Great Depression and especially during the two World Wars, federal intervention in the markets for basic commodities was far more active. See for example the War Production Board.
Although the United States generally avoids economic planning (and even industrial policy), this is not to say the government leaves everything to the market. I don't have much expertise on this topic so I'm sure the following list will be incomplete. But here are some examples of ways that the federal government intervenes to ensure the continued availability of basic consumer products.
Fuel and energy: 1) The Strategic Petroleum Reserve is an emergency supply of crude oil maintained by the federal government. This system was created as a response to shortages in the 1970s. It currently has about 30 days supply. 2) The Federal Energy Regulatory Commission oversees the development of energy transmission infrastructure like pipelines and the electrical grid.
Food: 1) The United States government has intermittently held strategic grain reserves. However since the 1970s at least, these seem to have been for foreign aid, not domestic consumption. 2) The USDA's National Agricultural Statistics Service closely monitors the national food supply month by month. 3) Other parts of the USDA provide subsidies, technical assistance, and other forms of support to farmers which help ensure an adequate food supply.
General: The Federal Reserve tracks things like price inflation for durable goods, which may influence monetary policy and other measures.
Finally I will note that during the Great Depression and especially during the two World Wars, federal intervention in the markets for basic commodities was far more active. See for example the War Production Board.
edited 4 hours ago
Brythan
68.3k8142233
68.3k8142233
answered 6 hours ago
Brian ZBrian Z
2,473615
2,473615
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
add a comment |
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
Despite food reserves are "for foreign aid, not domestic consumption" I would bet that in case of a huge catastrophe, they will be used for domestic consumption.
– vsz
1 hour ago
add a comment |
U.S.-Iran Oil Consortium
In August 1953, the Iranian military, with the help of British and U.S. intelligence agencies, overthrows Iranian Prime Minister Mohammad Mossadeq—who nationalized the country's oil industry two years earlier. The U.S. government works with U.S. oil majors and the Iranian government—now run by the Shah—to bring Iranian oil back online following a British embargo of oil shipments. Iran's oil remains nationalized, but in October 1954 the government agrees to a consortium of mainly U.S. companies to manage Iran's oil industry.
Suez Canal Crisis
In a 1957 speech to Congress, Eisenhower says the Middle East would be a prize for international communism and asks Congress to provide economic and military support for any nation or groups of nations in the region with "governments manifestly dedicated to the preservation of independence and resistance to subversion."
Iran-Iraq War
The Reagan administration issues a national security directive in 1983 to increase the U.S. military presence in the Persian Gulf to help protect the oil facilities and shipments to allies. The war lasts eight years.
https://www.cfr.org/timeline/oil-dependence-and-us-foreign-policy
Carter Doctrine
The Carter Doctrine was a policy proclaimed by President of the United States Jimmy Carter in his State of the Union Address on January 23, 1980, which stated that the United States would use military force, if necessary, to defend its national interests in the Persian Gulf.
There are other examples at the first link, and that's just oil. The US has hundreds of military bases around the world to control strategic minerals and other commodities.
This does not answer the question.
– Stephen
1 hour ago
add a comment |
U.S.-Iran Oil Consortium
In August 1953, the Iranian military, with the help of British and U.S. intelligence agencies, overthrows Iranian Prime Minister Mohammad Mossadeq—who nationalized the country's oil industry two years earlier. The U.S. government works with U.S. oil majors and the Iranian government—now run by the Shah—to bring Iranian oil back online following a British embargo of oil shipments. Iran's oil remains nationalized, but in October 1954 the government agrees to a consortium of mainly U.S. companies to manage Iran's oil industry.
Suez Canal Crisis
In a 1957 speech to Congress, Eisenhower says the Middle East would be a prize for international communism and asks Congress to provide economic and military support for any nation or groups of nations in the region with "governments manifestly dedicated to the preservation of independence and resistance to subversion."
Iran-Iraq War
The Reagan administration issues a national security directive in 1983 to increase the U.S. military presence in the Persian Gulf to help protect the oil facilities and shipments to allies. The war lasts eight years.
https://www.cfr.org/timeline/oil-dependence-and-us-foreign-policy
Carter Doctrine
The Carter Doctrine was a policy proclaimed by President of the United States Jimmy Carter in his State of the Union Address on January 23, 1980, which stated that the United States would use military force, if necessary, to defend its national interests in the Persian Gulf.
There are other examples at the first link, and that's just oil. The US has hundreds of military bases around the world to control strategic minerals and other commodities.
This does not answer the question.
– Stephen
1 hour ago
add a comment |
U.S.-Iran Oil Consortium
In August 1953, the Iranian military, with the help of British and U.S. intelligence agencies, overthrows Iranian Prime Minister Mohammad Mossadeq—who nationalized the country's oil industry two years earlier. The U.S. government works with U.S. oil majors and the Iranian government—now run by the Shah—to bring Iranian oil back online following a British embargo of oil shipments. Iran's oil remains nationalized, but in October 1954 the government agrees to a consortium of mainly U.S. companies to manage Iran's oil industry.
Suez Canal Crisis
In a 1957 speech to Congress, Eisenhower says the Middle East would be a prize for international communism and asks Congress to provide economic and military support for any nation or groups of nations in the region with "governments manifestly dedicated to the preservation of independence and resistance to subversion."
Iran-Iraq War
The Reagan administration issues a national security directive in 1983 to increase the U.S. military presence in the Persian Gulf to help protect the oil facilities and shipments to allies. The war lasts eight years.
https://www.cfr.org/timeline/oil-dependence-and-us-foreign-policy
Carter Doctrine
The Carter Doctrine was a policy proclaimed by President of the United States Jimmy Carter in his State of the Union Address on January 23, 1980, which stated that the United States would use military force, if necessary, to defend its national interests in the Persian Gulf.
There are other examples at the first link, and that's just oil. The US has hundreds of military bases around the world to control strategic minerals and other commodities.
U.S.-Iran Oil Consortium
In August 1953, the Iranian military, with the help of British and U.S. intelligence agencies, overthrows Iranian Prime Minister Mohammad Mossadeq—who nationalized the country's oil industry two years earlier. The U.S. government works with U.S. oil majors and the Iranian government—now run by the Shah—to bring Iranian oil back online following a British embargo of oil shipments. Iran's oil remains nationalized, but in October 1954 the government agrees to a consortium of mainly U.S. companies to manage Iran's oil industry.
Suez Canal Crisis
In a 1957 speech to Congress, Eisenhower says the Middle East would be a prize for international communism and asks Congress to provide economic and military support for any nation or groups of nations in the region with "governments manifestly dedicated to the preservation of independence and resistance to subversion."
Iran-Iraq War
The Reagan administration issues a national security directive in 1983 to increase the U.S. military presence in the Persian Gulf to help protect the oil facilities and shipments to allies. The war lasts eight years.
https://www.cfr.org/timeline/oil-dependence-and-us-foreign-policy
Carter Doctrine
The Carter Doctrine was a policy proclaimed by President of the United States Jimmy Carter in his State of the Union Address on January 23, 1980, which stated that the United States would use military force, if necessary, to defend its national interests in the Persian Gulf.
There are other examples at the first link, and that's just oil. The US has hundreds of military bases around the world to control strategic minerals and other commodities.
answered 1 hour ago
Keith McClaryKeith McClary
451210
451210
This does not answer the question.
– Stephen
1 hour ago
add a comment |
This does not answer the question.
– Stephen
1 hour ago
This does not answer the question.
– Stephen
1 hour ago
This does not answer the question.
– Stephen
1 hour ago
add a comment |
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