On May 31, 2008, at 11:58 PM, Michael Perelman wrote:
Speculation cannot affect prices very much. Fear about future troubles in oil producing countries add to the price of oil. How can these two ideas be reconciled?
It's very difficult to separate "speculation" from the normal operations of capitalism, though populists, who want to separate a good productive capitalism from a bad parasitical kind, would like to.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
