On Apr 12, 2012, at 1:44 PM, Robert Naiman wrote: > I'm all for what JK proposes. But in addition, how about a little > transactions tax in this market to make prices more sticky?
Be very careful what you ask for, the Sarkozys and Obamas of the world just might give it to you. Making speculation more costly will obviously drive liquidity out of speculative markets. Only speculators betting on large price swings (in either direction) will then be left. A market with diminished liquidity and participants with greater appetite for risk. Prices in that sort of market cannot become stickier. They will be much more volatile! Shane Mage "All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods." Herakleitos of Ephesos, fr, 90 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
