Monday, September 19, 2011

The delimitation of financial speculations must be being overhauled to be more subtle, sophisticated, and effective across the world. If it still isn't actually occurring, then it should do, I guess.

Tobin tax provides valuable trains of thought for that issue. Quote:

Keynes writes: 
Speculators may do no harm as bubbles on a steady stream of enterprise. But the situation is serious when enterprise becomes the bubble on a whirlpool of speculation. (,[8] p. 104) 
The introduction of a substantial government transfer tax on all transactions might prove the most serviceable reform available, with a view to mitigating the predominance of speculation over enterprise in the United States. (,[8] p. 105) 
http://en.wikipedia.org/wiki/Tobin_tax#Tobin.27s_concept

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