Mises Daily
Author:
Dean Peng
Online Publish Date:
This year banana producers in China suffered a disastrous loss. Banana prices plummeted in Canton and Hainan, the two tropical provinces that provide almost all the domestic bananas. Tons of ripe bananas rotted in their plantations. Almost all planters lost money; some went bankrupt. Rumors spread. Someone had to be blamed. Had local demand for