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Onion Futures Act – US law banning trading futures on onions

14 pointsby 19hover 1 year ago

2 comments

ggmover 1 year ago
I would personally have supported both applying the ban, and then subsequently removing it. It made sense at the time. The price variances since the ban suggest it&#x27;s time has passed.<p>ie, it&#x27;s not wrong to try, and then change your mind.
neilfrndesover 1 year ago
Planet Money by NPR made an episode [0] on this a few years ago. I highly recommend listening to it if you&#x27;re curious to know more.<p>&gt;Vince Kosuga was an onion farmer back in the 1930s. A pretty successful one. But farming wasn&#x27;t enough for him. He also liked to make bets on wheat and other crops. Then he had an idea: Why not try his luck with the crop he knew best?<p>[0] <a href="https:&#x2F;&#x2F;www.npr.org&#x2F;sections&#x2F;money&#x2F;2015&#x2F;10&#x2F;14&#x2F;448718171&#x2F;episode-657-the-tale-of-the-onion-king" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.npr.org&#x2F;sections&#x2F;money&#x2F;2015&#x2F;10&#x2F;14&#x2F;448718171&#x2F;epis...</a>