The price of onions
Onions have been an essential in everyday diet in South Asia. However, a rise or fall in the prices of onions can cause a chain reaction that can have a massive impact on everyday spending and the economy as a whole. Going by the example of the fluctuations in the price of onions, Dr Naushad Forbes argues that we look too much to the government for solutions. Unless one has solid theoretical and empirical evidence that an action by government will actually help, the right action is inaction. He suggests that markets be made to work better instead of trying to control how they move.
