My GMU colleague (and, of course, Marginal Revolution‘s own) Tyler Cowen explains, in yesterday’s edition of the New York Times, how freer trade could fill the world’s rice bowl.
Fuller Bellies With Freer Trade
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Instead, some Asian countries are engaging in price controls and are forbidding their rice producers from exporting. Go figure!
Watch out – I'm sure Naomi Klein will be crawling out of the gutter to comment on Cowen's story and somehow link Friedman to the disaster….
Imagine our nation's import/export decided by people like Lou Dobbs.
Ooops, I forgot, it is.