Zombies: Financial and Industrial

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, […]