ICYMI - Matthew Lau: If MPs really wanted lower food prices, they would end supply management — via fpcomment
be high. Market prices, set by supply and demand, signal the relative scarcity of goods and services. High prices ration demand and encourage supply. A problem only arises when prices are artificially distorted upward — as is the case today for many food items. Government overspending has artificially ramped up demand across the economy while government taxation and regulation have artificially depressed supply.
| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againHow does the government depress food supply? Consider the agricultural sector’s balance sheets. According to the latest Statistics Canada, farm assets include $46.3 billion in current assets , $43.8 billion in quota, $12.6 billion in breeding livestock, $62.
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