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Small-Scale Question Sunday for January 12, 2025

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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The Physics Ph.D in a Manhattan office building high-frequency trading corn futures doesn't see anything except numbers on a screen, but corn farmers in Iowa (and consumers of corn like chicken farmers) benefit greatly from accurate and liquid futures markets in corn.

You can have extremely accurate and liquid corn futures without high frequency trading, and without sucking thousands of man-years of the highest human capital down the drain. We're not arguing about banning future markets, but I'm pretty sure corn farmers still can grow corn if you take away synthetic collateralized debt obligations and other modern financial vehicles.