Europe’s Financial Transactions Tax (FTT) may disincentivise financial transactions by adding to their marginal cost. But as long as the supply of credit and cheap money to the banking system remains abundant, the banks have an open invitation to speculate.
January 10th, 2012 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "Nicholas Sarkozy"
Country Has Moved Towards More Government Intervention in Economy
In 1986, 40% of Americans thought government regulated the economy too much. Now, 40% think it doesn’t regulate enough.
June 4th, 2009 | Bill Bonner | 1 comment | Continued
