29 Apr 2008 Posted by Ivo's Marvellous Assistant

Food inflation: lessons from India

The current rise in food prices is very, very dangerous. Not because food will be more expensive, but because chances are the government will intervene to prevent this. The unions in South Africa have already called for a food price freeze. This merely serves to show that they didn’t bother paying attention in Economics 101. Nor bothered to witness the results of price controls in our neighbouring... read more