Quote:
Originally Posted by MikeWaters
there is a supply and demand issue. The supply of futures contracts.
GOP is really making the wrong move here.
What has gotten BETTER after ANYONE can buy futures contracts? That's what the GOP has to sell. Except they are arguing "we don't think it has made a difference." Well, if it hasn't made a difference, THEN THERE ISN'T MUCH DOWNSIDE TO ROLLING IT BACK!
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Your argument is like asking the feds to clamp down on the artificially inflated valuations of Internet companies in the late 1990s. Gov't only makes matters worse when it tries to regulate the market too much. Americans have gotten so used to prosperity that they want to be insulated from market cycles. Bad idea.
And from a political perspective, this is almost certainly a loser. The public at large does not pay attention to what futures markets are, nor do I think they are likely to buy the line that killing speculation will be the silver bullet toward lowering prices.
It takes about a 5th grade education to understand supply and demand.