• The logic of buffer stocks

    Every country needs food security and a resilient food system.


    Citizens should always be able to afford enough food for their families. Farmers should always be able to make a decent profit.


    The answer lies in food reserves. Governments should set up a food reserve to use as a buffer against the volatility of prices.

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Buffer stocks and The Guardian newspaper

12th October 2022

The Guardian ran an interesting editorial at the beginning of this year (on 16th January). Though the focus was on energy prices, the remedy was familiar to those who have followed these blogs. ‘Britain should look to John Maynard Keynes for answers,’ the editorial ran.  ‘The basic fault of commodity markets, he saw, was the private…   Read more

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