Money Manager Capitalism and the Commodities Market Bubble
Many economists, journalists, and public policy officials have argued that speculation has had little to do with the recent rapid run-up in the price of oil. If true, a case for regulation of oil markets would be more difficult to make. But the author examines the evidence in detail and finds it highly plausible that speculation is a significant contributor to recent high oil prices.
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Volume (Year): 51 (2008)
Issue (Month): 6 (November)
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