On Mar 15, 2009, at 1:40 PM, Robert Naiman wrote:

My recollection is that at some point during the Clinton
Administration, Rep. Defazio, who was the Congressional champion of a
financial transactions tax, challenged Summers, who prior to becoming
a Clinton Administration official had written an academic paper which
argued in favor of a financial transactions tax, to say whether he had
changed his view. Larry's answer was, "I read the data differently
now."

Ha. I quoted that paper on transactions taxes in an unsigned editorial for The Nation back in the early 1990s. When the factchecker called Larry's office to check out the quotes, he exploded, saying he didn't want his academic work being put to frankly political use.

Doug
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