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Deficit Reduction: Speculation Tax?
Posted on Monday, Feb 22nd
Paul Volcker said two things on Fareed Zakaria’s GPS show on CNN recently: (1) Deficit reduction is critical for America (2) We need engineers, not financial engineers. You know my point of view on the speculator versus value creator issue. I consider it Capitalism’s Fundamental Flaw that speculators make so much money while value creators
