article thumbnail

Do Commodities Speculators Make Things Cost More?

Harvard Business Review

The involvement of banks such as Goldman and J.P. Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. Ethics Finance Global business' cent per aluminum can. The article is less clear about what brought this on. Morgan in the metals trade?

Cost 8
article thumbnail

The Libor Scandal and the Price of Prosperity

Harvard Business Review

It's not about a bank. Simon Johnson and numerous others have proposed banks be broken, split, limited. And it's difficult to overstate how troubling it is that this, too, is an institution rigged by the few, for the few ; that this institution too, is, corrupted. This scandal isn't about price-fixing.

Price 14