Are we running out of food?

Ludwig von Mises Institute
by Kel Kelly

05/06/08

First, the underlying cause of any shortage is the lack of a free market, since genuine shortages cannot appear in a free market. Instead, while prices of goods would likely rise at the onset of reduced supplies, the goods in question would always be available at some price — and the higher the price, the more the supply would increase to meet demand, which would then of course reduce the price. If we had free world markets, food would be exported from some countries, such as the United States and Europe, where food is plentiful, to countries where it is needed.

//mises.org/story/2958


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=food+crisis

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