Yup. Speculators play the role of taking on risk, which benefits producers by providing a smooth source of liquidity. Do some people get disgustingly rich for a role that doesn’t really produce much tangible? Sure. But in terms of structuring a market system, they play an important role.
Yup. Speculators play the role of taking on risk, which benefits producers by providing a smooth source of liquidity. Do some people get disgustingly rich for a role that doesn’t really produce much tangible? Sure. But in terms of structuring a market system, they play an important role.