Walter Williams on Speculation in the Oil MarketsBlogging
TownHall columnist Walter Williams, whom I first heard of when he filled in for Rush a few years ago, is a brilliant scholar and conservative commentator. His columns are generally insightful, concise, and on target.
Williams has a column up today about speculation in the oil markets, why Congress is foolish to attempt to cull speculators from the trading herd, and a bit about supply and demand principles.
The kicker – his example for how supply, demand, and speculative trading works is CORN! Quick read; hopefully it’ll hit some people who don’t understand markets or marketing…