All Posts Tagged With: "derivatives"
Abolish This Derivative
The most threatening derivative is overlooked in Washington: the power Big Finance derives from the State.
26Apr2010 | Sheldon Richman | 0 comments | ContinuedGovernment Must Keep Track of Derivatives?
Regardless of what caused the crisis, government efforts to regulate derivatives will only lock in undesirable aspects of the current market and ensure that politically connected players reap artificial gains. It is absurd to ask politicians to promote financial integrity and sound accounting. They are the worst violators of these principles on the planet.
17Jun2009 | Robert P. Murphy | 8 comments | ContinuedSpeculation and Risk
Last month I showed that speculators are best thought of as conservationists. They are constantly looking to the future and conserving resources they believe are becoming more valuable. Since no one can predict the future with full confidence, speculators necessarily take risks. And when a speculator misjudges the future, he moves resources from periods when [...]
1Sep1999 | Dwight R. Lee | 4 comments | Continued-
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