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Are Prices “Engines of Chaos”?

The Intercept
Deconstructed
2022 03 18
https://theintercept.com/2022/03/18/deconstructed-prices-wars-markets/

In standard economic theory, prices are simply expressions of information about the scarcity of (and demand for) goods. But in his new book “Price Wars: How the Commodities Markets Made Our Chaotic World,” writer and filmmaker Rupert Russell argues that the modern era of algorithm-driven speculation has normalized unpredictable price swings in commodity markets and turned prices into “engines of chaos.” Russell joins Ryan Grim to discuss.

Transcript coming soon.

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