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When he ran for President in 2000, Al Gore said that American farmland was disappearing at an "alarming" rate and that soon it would be impossible to grow enough food on the remaining land to feed the entire country, which would mean the prospect of people not having enough to eat. His proposed solution was to have the government place restrictions on converting farmland to other uses, such as subdividing lots for building new homes.
Was Gore's assessment of the situation, along with his policy prescription, based upon accurate economic theory and analysis? Why or why not?
(Note: For this question, we will assume that all food consumed in the USA is grown or produced here. Yes, I know we import food, but this question can be answered even with the assumption that we don't import any food.
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