undefined | Better HN

0 points3D304974201y ago0 comments

> (but not onions... thats a lesson too)

That was too enticing to not look up. Wow, the story behind that is something: https://en.wikipedia.org/wiki/Onion_Futures_Act

Edit: There's a Planet Money with more on this story (which I've not listened to): https://www.npr.org/sections/money/2015/10/14/448718171/epis...

0 comments

ethbr11y ago

The fascinating bit to me was that they axed the whole onion futures market vs just adding guardrails against predatory trading.

Then again... this was the 1950s and paper contracts, so US market intervention or not was more stark.

And also Eisenhower was likely more concerned about whether the USSR was going to nuke the US and if China was going to try to invade Taiwan for a third time.

zer00eyz1y ago

I put on history guy (YouTube) when im doing busy work. Thats where I picked up the fun fact: https://www.youtube.com/watch?v=WuiREF2e-Ps

pbhjpbhj1y ago

Why would you only protect onions from market manipulation?

j / k navigate · click thread line to collapse