Free markets are sometimes like ballgames with no rules
I can't prove it, but I have a feeling that if no speculator is allowed to play the oil market with "leverage" (aka, borrowed money) that the price of oil would drop back to around $70. So say the oil experts here in New Mexico, anyway.
Making such rules, not nationalizing the oil industry, is the role for government. But, so far, our conservative-leaning government hasn't see fit to do this. They may yet, though.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
Daniel David of NM @ Jul 24, 2008 20:10:22 PM
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