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.
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- Jeffrey A. Miron & Jeffrey Zwiebel, 1991.
"Alcohol Consumption During Prohibition,"
NBER Working Papers
3675, National Bureau of Economic Research, Inc.
- Clarete, Ramon L. & Roumasset, James A., 1987. "A Shoven-Whalley model of a small open economy : An illustration with Philippine tariffs," Journal of Public Economics, Elsevier, vol. 32(2), pages 247-261, March.
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