Comment

Comment by londons_explore

This is one reason I think most contracts for goods for future delivery should be public knowledge.

Ie. "Mr Smith purchased 68 tons of steel for delivery in New York June next year for $200k".

Then anyone wanting those same goods and willing to pay more can contact Mr Smith and make an offer to buy the contract.

I believe such a system would make the economy substantially more efficient, at the cost of privacy. More knowledge makes a better market. And more knowledge also increases tax revenues because under/overdeclaring goods values becomes much harder.

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