Among Politicians’ Favorite Scapegoats

by Don Boudreaux on September 9, 2009

in Energy, Myths and Fallacies, Prices

Did “speculators” — those evil and shadowy phantoms that politicians are especially adept at spying and accusing of all manner of wrongdoing — cause recent wild fluctuations in the price of crude oil?  Apparently not — yet this fact will do nothing to prevent the Obama administration from cracking down on “speculators.”


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