Manifesto of the Appalled Economists.....

[marmar]

It's a translation of a piece by European economists re: the financialization and the situation in Europe. It calls for: Measure 1: To separate strictly financial markets and the activities of financial actors, prohibiting banks from speculating on their own account, in order to prevent the spread of bubbles and crashes.
Measure 2: To reduce liquidity and destabilizing speculation by controls on capital movements and taxation on financial transactions.
Measure 3: To restrict financial transactions to those meeting the needs of the real economy (e.g., CDS only to holders of insured securities, etc.).
Measure 4: Capping the earnings of traders.


It's a long PDF, but well worth the read: http://www.assoeconomiepolitique.org/IMG/pdf/Manifesto_of_the_appalled_economists.pdf

[ChairmanAgnostic]

1. It would really help those of us who are scrapped for time to drop some hint

about their findings, predictions, policy - - - - SOMETHING.

Chances are I will NOT spend the time searching out something simply because someone posts a website. But, if i had a FUCKING CLUE what was contained therein, I would choose from a far more informed position.

[marmar]

2. Then perhaps you shouldn't FUCKING BOTHER to read it.

Geez, there are ways to say something without being completely strident and shrill.

[xchrom]

3. +1

[ChairmanAgnostic]

5. at least you had the time to edit and add info. And for that I thank you.

economic news is always of interest, but throwing us a bone doesn't hurt either.

[xchrom]

4. du rec. nt