Do Commodities Speculators Make Things Cost More?
Harvard Business Review
JULY 22, 2013
Commodities trading, Adam Smith wrote in 1776 , was a boon to efficiency and a foe to famine. Or is the problem simply that speculators have taken over the market for a crucial commodity? Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks.
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