Stop Beating Up on Speculators

Politicians who should know better but instead are primarily interested in harnessing votes for their next election are always using class warfare as a tool. The rich are a likely scapegoat, followed by “speculators.”

But speculators never really have a fundamental hand in pricing; the law of supply and demand does.

So-called speculators are investors who think prices will go up or down based on market conditions, and really facilitate market actions; they cannot control market exaggeration very long as other traders called arbitragers will even out those conditions.

But politicians are innately what they are, and the public continues to be misinformed by all the talk. (See the Earl J. Weinreb NewsHole® comments.)