The 1891 and 1906 Meat Inspection Acts privileged a special-interest group at the publics expense. Inspection subsidies resulted in industry consolidation and higher prices to the detriment of consumers and marginal firms. The Chicago Beef Trust secured special privileges by defensively lobbying politicians to amend threatening regulatory and legislative proposals into those that provided positive benefits to Chicagos leading meat packers.
This full text of this article will be available on this page nine months after its initial print publication. To read it now, please buy this issue in print or downloadable eBook & PDF format, or in the Independent Review app on iOS or Android, or on Magzter which offers digital access on smartphones, tablets, and web browsers.
Patrick Newman is an assistant teaching professor of economics at the University of Tampa and a fellow of the Mises Institute.
Other Independent Review articles by Patrick Newman | |
Spring 2023 | Oceans of Grain: How American Wheat Remade the World |
Winter 2017/18 | The Origins of the National Banking System: The Chase-Cooke Connection and the New York City Banks |
Winter 2016/17 | Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era |