Monthly Archives: September 2008

How to Make TARP Politically Acceptable: Add a Tax on Securities Transactions

I propose that the Congressional leadership re-introduce the Trouble Asset Relief Program accompanied by a major new policy: a small tax on securities market transactions. This will accomplish the political goal of aiming a silver bullet into the heart of the (understandable) popular outrage that blocked passage of the TARP bill on Monday. It will […] Continue reading

Posted in Financial Crisis, Nobel Prize | Tagged , | Leave a comment