“In reality all economic activity outside the stationary state is speculation” – Ludwig von Mises, Socialism, p. 181-182
The upside-down world shaped by political panic over the virus perhaps unsurprisingly created winners and losers. Somewhat surprisingly given last March’s stock-market collapse in response to the rather sudden imposition of command-and-control, day trading was one of the winners. It was seemingly given life by the shuttering of so much that has long given life meaning.
A nation always transfixed by sports suddenly had to do without. What were fantasy sports fanatics to do? What were gamblers to do? One outlet for their restless minds turned out to be stock trading. The big unknown at this point is whether habits developed when politicians (and to be fair, many voters too) took a vacation from reality will maintain themselves once sanity returns. FantasyCommodities is a business concept that aims to provide clues. .
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