[quote=FlyerInHi]What about people who produce things on anticipation that there will be demand?[/quote]
Again, the distinction between speculators and investors, IMO, is that speculators do not produce anything, while investors expand productive capacity and/or improve productive efficiency. If you’re producing something in anticipation of demand, then you are a producer/productive investor (a net gain for the economy), not a speculator.
