Is there a "Goldilocks" price for food? If not should innovation policy and food supply for those in the greatest poverty be to some degree counter-cyclical? Keynesian food policies, anyone?
10 November 2011
What is the Goldilocks Price for Food?
Is there a "Goldilocks" price for food? If not should innovation policy and food supply for those in the greatest poverty be to some degree counter-cyclical? Keynesian food policies, anyone?
2 comments:
Maybe there is a Goldilocks price, but since there are downsides and unintended consequences to trying to manipulate the market to find it, maybe the answer is to stop interfering. Also, don't demagogue speculators trading in futures.
Not to be trite, but another possible conclusion is that the FAO is not so much in the business of promoting general welfare as it is in the business of drumming up support for itself.
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