Earlier quoted context omitted.
Or schemes similar to agriculture where the government buys excess production for price stability. Which is good for consumers and businesses alike.
To be clear, "price stability" in this case means a higher price compared to absence of government intervention. I'm all for a country subsidizing food to ensure sufficient domestic production but I am not for pretending it's good for a "price stability" reason. We are also well beyond sufficient domestic production. Our population has doubled in the past 50 years [1] while food production has tripled. We do not need…
Price stability itself is a valid goal. Yes, consumers may pay a liiiitle more for their eggs, milk or bread, but the price of the good can be relied upon which is very important for low-income households and their financial planning.