Politicians, economists, or regulators who favor banning short sales of financial assets have no clue about economics. They certainly have never understood how financial markets operate. Such a ban is like a barometer or measure of fitness for office of any politician or regulator.
Convenient
Scapegoats
In the medieval ages we had
witches and sorcerers. In the modern age, we have speculators and short
sellers. When will the so sophisticated intellectuals, economists, and
politicians finally use their brains instead of cheap scapegoating to deflect
from own failure.
Free
Markets Depend On Speculators & Short Sellers
Speculators and short sellers
are essential to price discovery in a free market economy. They are the risk
takers and canaries in the financial markets. Many
loose their money, only a few are successful. When the few are successful
somebody gets hurt, but for a reason.
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