Long Live Tobin. Commentary on Financial Regulation (tags)
"Turner's demand for introduction of a global Tobin tax on all financial transactions is a very old demand. The tendency of banks to take flight in casino capitalism and neglect their role as servants of the real economy has made the crisis into a real fix for us.."
Foreign countries will not finance US wars and US consumption for ever. The US must accept the new reality that countries want to diversity, not accumulate dollars. What becomes of a country that refuses systemic criticism and sets missions and agendas above facts and realities?