That Grain Embargo

February 1980
National Review;2/8/1980, Vol. 32 Issue 3, p139
The article offers a look at the effects of the embargo of the U.S. grain shipments to Moscow, Soviet Union, on the grain market. The declaration made by U.S. President Jimmy Carter resulted in increase in the grain prices amidst various arguments and speculations related to the effect of the grain market due to the development. The article further presents a critique on the statement made by Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science related to the implications of the declaration on the economies of the U.S. and the Soviet Union.


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