Timothy Geithner

Taming the Casino

Author: 
John Fullerton

Bloomberg View has joined its Wall Street customers in coming out against the Financial Transactions Tax proposed by Germany and France, and recommended by the European Union, declaring it politically unfeasible while undermining economic growth.  

Presuming for a moment that the politically unfeasible can become reality when good ideas are pursued in a real democracy, it is important to clarify the sound purpose and likely impact of a Europe-wide or, ideally, universal Financial Transactions Tax. 

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