[Mase]

Um, ok. What I meant to point out is that you were wrong when you said that claiming speculators are "providing a valuable public service is extremely dishonest."

It's not a "dishonest" thing to say at all. So it can hardly be claimed to be "extremely dishonest." Speculators absolutely provide a valuable public service.....that is, unless you think higher prices are better than lower prices.

[An.American.Expatriate]

I originally posted:

Oh please. Speculators are only interested in making money, which is fine. However, making them sound like some noble business person providing a valuable public service is extremely dishonest.

Removing context is also extremely dishonest. And I stand by my statement.

It's not a "dishonest" thing to say at all. So it can hardly be claimed to be "extremely dishonest." Speculators absolutely provide a valuable public service....that is, unless you think higher prices are better than lower prices.

Speculation does not equate to ONLY lower prices and speculators DO NOT CARE which way prices change, as long as the price changes favourably in respect to thier bets! Therefore thier motives are not noble and not in the public interest (and do not need to be!).