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Friday, July 15, 2011

Why Food Price Volatility Doesn't Matter

Why Food Price Volatility Doesn't Matter
 

Christopher B. Barrett
 
and Marc F. Bellemare
 
In proposing measures to curb erratic swings in food prices, global leaders have conflated high prices with unstable ones. That's a mistake. In fact, the real problem is expensive food, so policies aimed at curbing volatility -- such as export bans, price stabilization schemes, and subsidies for farmers -- won't help those who need it. Read
 

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