[barrkel]

But Nanex appears to be showing people responding to orders after they hit the exchanges, and that would seem to be legal and moral.

It's legal, yes, but you can't make a jump to moral so easily.

I don't think it's necessarily immoral either, but morality depends on much more - what the end results are, who is affected, what kind of effect, etc. Morality doesn't exist in the vacuum of an isolated decision.

[Lazare]

Very true! But the reverse is also true: Critics need to show that something immoral is going on. Nanex's analysis does not, to my eye, even try and make this case.