Posted by: usset001 | June 1, 2011

Are the speculators to blame?

My sense is that most people do believe that “too much speculation” is to blame for high oil / corn / gold / soybean (circle one) prices.

I remain unconvinced.

Dr. Scott Irwin of the University of Illinois makes the most persuasive arguments against the idea that speculators are to blame. He makes his case once more here.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: