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Against the Grain - 6-27-08 - John Stossel and El G, in Praise of Speculators!
On Friday, June 26, Gardner Goldsmith and ABC's John Stossel spoke about the current rage among politicians and media pundits: the excoriation of energy "speculators". As Stossel and Gard noted, speculators play an important role in the economy, providing liquidity and hedges against future supply shocks. Of course, politicians like Jeanne Shaheen don't bother researching economics when they pander for votes, they just continue to promulgate nonsense. Gard and Stossel try to set the record straight! Later, listen to Gard and Johnny Molson, of Illinois' WMAY, as they play a truly remarkable BAD SONG of the WEEK, Sammy Davis singing "Chico and the Man". DIG! All from www.libertyconspiracy.com!