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Re:Devaluation is austerity done right by bornhuetter on Thursday June 14, 2012 @10:28AM (#4111469)
You're being very unspecific about who these "speculators" are, and lumping a huge group of people and companies into one bucket.

Saying that the financial sector provides no benefits to society is ill-judged, but saying that everyone should be absolved of wrong-doing just because the sector as a whole provides some benefit is equally ill-judged.

Re:Devaluation is austerity done right by crusso on Thursday June 14, 2012 @11:20AM (#4111708)
> You're being very unspecific about who these "speculators" are, and lumping a huge group of people and companies into one bucket.

Generalizing the evil "speculators" without calling out specific sub-groups or behaviors was exactly what the OP did and why I was pointing out the reason we tolerate and encourage speculation in the first place.

>but saying that everyone should be absolved of wrong-doing just because the sector as a whole provides some benefit is equally ill-judged.

I certainly didn't say that or even mean to imply it if that's how you read it.