The Market's Fine Print

Sinning Boldly

Writing to his timid friend and fellow former Philipp Melanchthon, Martin Luther encouraged all inspired by his new grace-trumps-works doctrine to "be a sinner and sin boldly." (Photo by moria, CC BY 2.0)
Regardless whether you call USDA's silly dart-throwing exercise "sinful" or just plain stupid, its annual Agricultural Outlook Forum represents a fanciful waste of public resources and promotes a false confidence of future market conditions.

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