Why We Need More Speculators

by Chidem Kurdas Greek prime minister George Papandreou demands a crackdown on credit default swaps. It’s easy to see why politicians bring up wicked speculators whenever some economic hardship shows up. It’s an old game to put the blame on others to deflect it from yourself. Middlemen have been successfully pilloried for millennia. Ancient Athenians, … Continue reading Why We Need More Speculators