"The government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government."

-- James Madison (speech in the House of Representatives, 10 January 1794)

Wednesday, June 4, 2008

Futures Markets hold a valuable social function

Here is just another tidbit to answer the myriad of accusations regarding the recent spike in prices. Most people choose to grasp for the most popular villain, which just happens to be those operating in the free market, The news media is happy to agree and run ex posse after ex posse claiming moral authority. The truth is much different.

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Presented for your consideration by POAST at 2:34 PM

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