Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
Thursday, February 17, 2011
Food, Famine, and Globalization
This is a post by Don Boudreaux at Cafe Hayek. He argues that free trade is actually the best insurance for famines and crop failures. He quotes Jagdish Bhagwati who says that famines in history became less of a problem as trade increased.
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