Boudreaux On Speculators

This is an fantastic rant from Dr. Boudreaux. Enjoy, it’s a classic.

Speculators Storm Safeway!: Have you noticed the enormous increase in greedy speculation in the northeast over the past two days? It’s quite something! In advance of hurricane Sandy, consumers are now artificially increasing the scarcity today of the likes of bottled water, canned goods, batteries, and medicines by stocking up on these goods.

And all of this self-interested speculation – done merely in anticipation of staple goods being much more scarce after Sandy strikes than they are today – is applauded and even encouraged by the news media and government leaders!

If you like this, you’ll love his book:
Book Review: Hypocrites & Half-Wits by Donald J. Boudreaux