There's a very good reason why there are NO Onion Futures, and an awesome story as to why Congress banned that particular future, with it's own named Act:
I didn't have Prof. Weil for financial accounting at Booth in the mid-'90s. Classmates did, however, and loved him. He was legendary. Not only old school, but joyful and friendly. He enjoyed fine wine, as I recall. A bon vivant and a towering figure in his profession.
I took that first-term accounting class 28 years ago last fall. I still remember incredibly arcane details form the 800-page textbook that he wrote (with a colleague) and that we had to master in ten weeks. It still sits on my bookshelf, tabbed and annotated. I summoned some details, long-memorized, from that course just last week preparing a lecture for a class I teach. I marvel every time that occurs.
RIP, Prof. Weil, and thank you. Chicago Booth was a remarkable place to learn economics and finance.
I want to ask a question that I've never been able to get answered, to Mr. Carter and anyone else who cares: Why do Democrats and socialists not believe in free markets?
It's not a loaded question, and I really don't know the answer. I know there are multiple answers, but I can't figure out why they universally do not like free markets and are so distrusting of them.
This is fantastic. Thanks for taking the time to give it the treatment it deserves. This article should be in major media outlets.
My favorite Chicago joke:
It was so cold in Chicago the other day, I saw a politician with his hands in his own pockets.
This is why I read your stuff. Thanks much. I didn't realize there was no futures market for eggs, nor for onions. The line chart was eye-opening.
There's a very good reason why there are NO Onion Futures, and an awesome story as to why Congress banned that particular future, with it's own named Act:
https://en.wikipedia.org/wiki/Onion_Futures_Act
Enjoy, probably cleaned up the river a bit at that point in time.
Big Food has positives, but it has negatives too: https://www.theepochtimes.com/over-400-products-including-breakfast-sandwiches-fruits-recalled-amid-potential-listeria-contamination_5036319.html?utm_source=Morningbrief&src_src=Morningbrief&utm_campaign=mb-2023-02-07&src_cmp=mb-2023-02-07&utm_medium=email&est=3m%2B%2F0Ql4oUcnwXgIylZ%2BsOfqtMSGwjhJQXdw0UxzDZTdw3va2XlcILKpodU%3D Listeria at scale....salmonella at scale.....
I didn't have Prof. Weil for financial accounting at Booth in the mid-'90s. Classmates did, however, and loved him. He was legendary. Not only old school, but joyful and friendly. He enjoyed fine wine, as I recall. A bon vivant and a towering figure in his profession.
I took that first-term accounting class 28 years ago last fall. I still remember incredibly arcane details form the 800-page textbook that he wrote (with a colleague) and that we had to master in ten weeks. It still sits on my bookshelf, tabbed and annotated. I summoned some details, long-memorized, from that course just last week preparing a lecture for a class I teach. I marvel every time that occurs.
RIP, Prof. Weil, and thank you. Chicago Booth was a remarkable place to learn economics and finance.
I want to ask a question that I've never been able to get answered, to Mr. Carter and anyone else who cares: Why do Democrats and socialists not believe in free markets?
It's not a loaded question, and I really don't know the answer. I know there are multiple answers, but I can't figure out why they universally do not like free markets and are so distrusting of them.