Comments on Dick Morris' (and Democrat Leadership's) Economic IlliteracyTypePad2008-07-21T21:42:53ZScotthttp://www.conservatismtoday.com/my_weblog/tag:typepad.com,2003:http://www.conservatismtoday.com/my_weblog/2008/07/dick-morris-and/comments/atom.xml/Scott Martin commented on 'Dick Morris' (and Democrat Leadership's) Economic Illiteracy'tag:typepad.com,2003:6a00e552560c428834010535d7e0d8970b2008-11-06T19:39:52Z2008-11-06T19:39:52ZScott Martinhttp://www.conservatismtoday.comTrue to an extent, Baldwin. But in this instance, Morris was criticizing oil futures when they were accurately pointing out...<p>True to an extent, Baldwin. But in this instance, Morris was criticizing oil futures when they were accurately pointing out a big problem. </p>
<p>Once that problem started being addressed by more people focusing on increased drilling and finding new energy sources, the oil futures plummeted. The futures market did exactly what is supposed to do in this instance.</p>Baldwin commented on 'Dick Morris' (and Democrat Leadership's) Economic Illiteracy'tag:typepad.com,2003:6a00e552560c428834010535dd958f970c2008-11-06T11:24:17Z2008-11-06T11:24:17ZBaldwinNot so fast Scott. You don't have to hate the free market to realize that the train sometimes comes off...<p>Not so fast Scott. You don't have to hate the free market to realize that the train sometimes comes off the tracks. Sometimes you have to close the market, the bank or prohibit futures trading to stop runaway self-feeding phenomenon which do not reflect true market values. </p>