[An.American.Expatriate]

Smaller spreads = lower prices.

That might be true in some cases, but that has nothing to do with the post you responded to where I asked for the the reasoning behind the assertion that Speculators / Speculation encourages technological advancement and exploration.

[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.