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Politics : Electoral College 2000 - Ahead of the Curve -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (6267)	12/14/2000 4:20:50 PM
From: chomolungma	Read Replies (2) \| Respond to of 6710

Wild speculation is integral to raw capitalism. Are you endorsing it? Endorsing is a strange word. And I really doubt that "wild speculation" is integral to the functioning of the markets. But I do approve of speculation. I believe in letting markets do their job, which is to set prices and allocate resources, but there are times when Governments are justified in getting involved. Not by circumventing market forces but by "putting oil to calm the waters." I have no problems with restraints in the capital markets or even occasional intervention, like is fairly common by central banks in the currency markets. But as soon as it becomes an effort to control prices, I think it is misplaced. I'm not the best one to ask about this since I make my living in the markets. I love seeing unsustainable moves because I can exploit them and make a profit. You may think that is part of the problem, but I think it is the solution.