Truth is, we need more speculators, not less. They’re the people who can help prices find the right level, because there is no “right” level other than the one the market gives us. And that’s why, in turn, excessive speculation is nothing more—or less—than a convenient fiction for when prices don’t move the way politicians would like.--WSJ Editorial Board
Wednesday, July 29, 2009
Quote of the day
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment