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Nonsense. We had stable prices before the gambling functions were possible. The gambling functions of the market add nothing of value, and produce no economic o
by cwhiz 6y ago
Nonsense. We had stable prices before the gambling functions were possible. The gambling functions of the market add nothing of value, and produce no economic output.
- chii 6y agoit's only stable if you imagined it to be stable - it wasn't. And commodities futures and speculation is only gambling if you choose to call it gambling and compare it to casinos - it's not. Comparing it to a house-odds gambling game like casino is just personal bias on your part, and your lack of understanding of the machinations of commodities trade.