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The Food Insecurity Act

The real problem with the National Food Security Bill (NFSB), shortly set to become law, is not that it will considerably worsen the fiscal deficit. An almost $2-trillion economy should be able to comfortably set aside enough money to provide affordable grain for the hungry and economically vulnerable. The trouble with the NFSB lies in its flawed design which, by distorting grain markets, will end up making food security even more elusive.

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