The current crisis has brought the old word “zombie” back into fashion. Originated in some black African cultures and associated today mostly with Haitian customs, “zombie” usually designates a dead person brought back to life by means of what one calls black magic or, more precisely, its lowest form, necromancy, a time-reviled practice. Economic zombies, […]
Financial Transactions Tax: What is the problem?
“The financial sector has grown too big and volatile and something must be done. A tax on financial transaction is something, therefore a tax on financial transaction must be done.” If you can spot the logical error in that line of reasoning you just outsmarted many European policymakers. Eleven EU countries – including France, Germany, […]