4 ms·
If the price of nickel goes up, nickel miners go out of business because they hedged their bets? I guess they were consenting adults who should have realized th
by labster 5y ago
If the price of nickel goes up, nickel miners go out of business because they hedged their bets? I guess they were consenting adults who should have realized they could fold if their assets became too valuable? Because nickel is so expensive we just have to produce less of it, because they deserve punishment for gambling.
Or we can just act like real consenting adults and agree that markets break every once in a while leading to outcomes that are bad for everyone. And thus we can reverse these outcomes. Even casinos have rules, and have reversed winnings or losses.