Black-Hole Security

James Roumasset

No 200005, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: The quest for economic security can sometimes exacerbate insecurity thereby leading to a black hole of regulations, spending and ever-worsening insecurity. This paper explores food security in the Philippines, demonstrating how the state-trading enterprise for rice increases prices, decreases price stability, and stifles agricultural development, all at an enormous cost to Philippine taxpayers.

Pages: 23 pages
Date: 2000
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Citations: View citations in EconPapers (8)

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