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craig  ·  4805 days ago  ·  link  ·    ·  parent  ·  post: What is a Tobin Tax?
God forbid we actually try and fix the real problems behind the euro crises, tax those evil traders, that will fix it! This has been tried before, suffice it to say, there were 'unintended consequences'. Sarkozy is just trying to deflect attention away from his mismanagement of the French economy, anyone who thinks the same politicians who got the euro-zone into this mess know how to get it out need to get their heads examined. The markets make easy political scapegoats due to the general lack of understanding of what role they actually play.