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Malte Tobias Kahler
Free Markets
Global Economy

It’s the Speculators, Stupid!

Mises Daily

Author: Malte Tobias Kahler

Online Publish Date: June 16, 2010

Category: Interventionism, Money and Banking, Free Markets, Global Economy

Many commentators (the majority of whom are not economists) blame the imminent crisis in the eurozone on malevolent speculators. I find it necessary to take up the cudgels on the traders’ behalf and explain why they are not culpable for the current mess. A False Battle There is no better moment for this. The language that European leaders and the

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