Comment Text:
I strongly support limits on speculative gambling on vital commodities such as oil, natural gas, and food. These highly speculative markets simply drive up the cost of necessities (which we are seeing at the moment for gasoline, for instance), hurting the poor disproportionately, while making high profits for financial organizations without adding any value to the economy. And when inevitably these speculative markets crash they damage the economy. The extreme example of that, of course, was the collapse of the real estate market and resulting economic freefall of 2009, which we are still recovering from. In the long run we cannot afford these highly speculative activities. We make the rules for these markets, and it is time to put an end to this kind of activity, which is damaging to the country and the world.
