Futures markets equalize pricing for commercial hedgers
The case was made that commodity futures markets create open, transparent price discovery, allowing commercial participants to hedge without being penalized by relationship-based OTC pricing.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.