Days of Futures Past Episode 1 | Scott Irwin, Professor, University of Illinois and Author of “Back to the Futures”
SmarterMarkets™
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The Economic Role of Commodity Futures Markets
Futures markets sit at the very heart of our economy. They function as a critical nerve center for the market economy and are important to everyone. Their fundamental purpose is to help smooth out and help firms and producers and consumers manage the riskiness of price movements. There's real value to having that benchmark out there for everybody to see.
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