The way to respond to exogenous supply shocks (and most if not all of the inflationary pressures we are seeing in a variety of goods but especially foodstuffs are attributable to one or more exogenous supply shocks) is to stimulate/increase supply.
How effective land repurposing would be is somewhat problematic, however, if fertilizer app…
The way to respond to exogenous supply shocks (and most if not all of the inflationary pressures we are seeing in a variety of goods but especially foodstuffs are attributable to one or more exogenous supply shocks) is to stimulate/increase supply.
How effective land repurposing would be is somewhat problematic, however, if fertilizer application rates are reduced, thereby reducing crop yields per acre.
Still, there are regulatory relief measures available that would directly address food price inflation, and by extension food insecurity/hunger. However, I will be shocked if even one such measure is implemented by the US government or by the European Union.
I would be quite surprised as well. I wasn't predicting that The Powers That Be would actually do these things. I was just pointing out that there are fairly straightforward ways to address the problem if they wanted to.
If time permits, I may do a follow up on how some of these supply shocks can be addressed (email length constraints limit how much I can cram into a single article!)
The way to respond to exogenous supply shocks (and most if not all of the inflationary pressures we are seeing in a variety of goods but especially foodstuffs are attributable to one or more exogenous supply shocks) is to stimulate/increase supply.
How effective land repurposing would be is somewhat problematic, however, if fertilizer application rates are reduced, thereby reducing crop yields per acre.
Still, there are regulatory relief measures available that would directly address food price inflation, and by extension food insecurity/hunger. However, I will be shocked if even one such measure is implemented by the US government or by the European Union.
I would be quite surprised as well. I wasn't predicting that The Powers That Be would actually do these things. I was just pointing out that there are fairly straightforward ways to address the problem if they wanted to.
If time permits, I may do a follow up on how some of these supply shocks can be addressed (email length constraints limit how much I can cram into a single article!)