Recent events have convinced many that reforms are needed in the financial system to discourage speculation, in which people seek to make money by merely buying and selling pre-existing things, rather than by making new or better or, at least, more things. Describe how speculation might have macroeconomic consequences that justify government prohibition or regulation .

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The Answer of Recent events have convinced many that reforms are needed in the financial system to discourage speculation, in which people seek to make money by merely buying and selling pre-existing things, rather than by making new or better or, at least, more things. Describe how speculation might have macroeconomic consequences that justify government prohibition or regulation .

Recent Events Have Convinced Many That Reforms Are Needed in the Financial