Political Speculators

by William Yeatman on June 24, 2008

in Blog

Every dogma has its day, and so it is with the posturing that blames the run-up in oil prices on "speculators." The new political consensus is that further "common-sense regulation" of the energy futures market is necessary. Let's grant that the sentiment is common, but the sense – like the evidence – is nonexistent.

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