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Commodity Exchange

The central location where commodities are traded. Commodities traders exchange futures contracts for specific goods, like (for example) gold, wheat, and corn.

The Wealth-Creating Logic of Exchange is Pretty Simple. Here It Is.

Scratch almost any economist and you will find someone who is firmly committed to free trade and, most likely, someone who largely agrees with his colleagues who signed a 2006 Open Letter to President Bush and Congress organized by the Independent Institute--for whom I serve as a Senior Research Fellow--arguing that immigration, even of low-skill workers, is a net boon to the US economy.

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