When we cheer for the growth in stock prices, what we’re really cheering for is the further swelling of the bank accounts of the already wealthy.
Finance should once again support the real economy of goods and services.
Other countries have problems, but Greece’s are an encyclopedia of bad behavior.
The French President is standing tough in his push to increase taxes on the financial sector.
In the United States and many countries around the world, there is growing momentum behind proposals to place a very small tax on trades of stock, currency, derivatives, and other financial assets.
Seldom has so much stupidity, past and present, been on display simultaneously.