Why the gold crowd is so worried about the derivatives market

Discussion in 'Economics' started by Daal, Oct 23, 2007.

  1. Daal


    Most of gold standard supporters are pro free market, well derivatives are a creation of the free market(even if the market is not totally free), when you criticize it what are you suggesting should be done, that the federal reserve creates regulation and rules to 'take control' of it?the same federal reserve you criticize for taking control of short-term interest rates?
    Or you want congress to pass regulation?You really think groups of people who thinks evolution doesnt exist, we need to subsidize ethanol and we need more taxes is qualified to make jugdments instead of the free market forces of the very people who have the highest interest on making those contracts not fail?