Divided CFTC Approves Limits on Speculative Bets - WSJ.com
Something 'wrong-headed'. But then again, there are those that believe a socially-minded person makes better economic decisions than one that is not; and, that their position has to trump that of actual doers.
Just think how the socially-minded would like $10 oil; but, then again, no one would produce it and the world would suddenly run out.
It's the old game of price controls vs. market forces.
The sovereign debt game is exactly that now. The blow-out will clearly be stupendous and make the housing bubble a sideshow - unless something serious is done to reign in government spending.
But, how can government not tax and spend when there are all these 'social needs'?
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