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A comment on Sri Lanka is having a textbook currency crisis, triggered by policy mistakes. Parent comment

Re:Sri Lanka is having a textbook currency crisis, triggered... by bradleybuda on Tuesday July 12, 2022 @11:41PM (#32078798)
That's the nice thing about free trade and free markets - everyone is running a decentralized version of that experiment and incrementally updating the data live. If you make both paths available (organic vs fertilizer) and let the farmers whose livelihoods are on the line choose, then they are very likely to make the best choice.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by lottin on Wednesday July 13, 2022 @12:48AM (#32079133)
The best choice for farmers isn't necessarily the best choice for society as a whole.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by ravel-bar-foo on Wednesday July 13, 2022 @01:15AM (#32079231)
If society values agricultural output or having income in rural areas it's a lot better to have farmers making the choices themselves than to chose whatever non-farmer/urban/plutocrat politicians would mandate.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by modo_mario on Wednesday July 13, 2022 @04:06AM (#32080120)
What about the nitrogen issue in places like Belgium or the Netherlands?
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Re:Sri Lanka is having a textbook currency crisis, triggered... by midasuni on Wednesday July 13, 2022 @03:54PM (#32087974)
Not when the externalities are hidden, especially when hidden from both producer and consumer
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