Using Futures and Inventories to Smooth Shocks

Bob uses Trump’s call to ban congressional insider trading as a springboard to explain why, from an Austro-libertarian perspective, insider trading and speculation could help markets work, while still justifying special rules for government employees.

Related:

• Bob's Article "Is Insider Trading Really a Crime?": Mises.org/HAP540a
• The Social Function of Stock Speculators: Mises.org/HAP540b
• The Social Function of Futures Markets: Mises.org/HAP540c
• The Social Function of Call and Put Options: Mises.org/HAP540d

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