Among Politicians’ Favorite Scapegoats

by Don Boudreaux on September 9, 2009

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.”