Thursday, May 31, 2012

Why not thank the speculators?

 The price of oil. (Sent by a friend whose reputation I won't besmirch by name, but thanks.)

Remember how the oil price rise was the work of evil speculators who had to be stopped? (My post here) Well, now that the speculators are driving prices down even faster,  shouldn't they get a thank you? Ok, maybe not medal of honor, but a nice statue out on the Washington Mall would be thoughtful. Flowers are always nice.

Tongue in cheek of course, but the different treatment of price rises and declines by the usual economic and political pundits is interesting to note.

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