J. Tobin,Nobel Prize in Economics (1981), was widely known for his suggestion of a tax on foreign exchange transactions, now known as the “Tobin tax”. This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive. He suggested that the proceeds of the tax could be used to fund projects for the benefit of Third World countries, or to support the United Nations. Wikipedia
J. Tobin,Nobel Prize in Economics (1981), was widely known for his suggestion of a tax on foreign exchange transactions, now known as the “Tobin tax”. This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive. He suggested that the proceeds of the tax could be used to fund projects for the benefit of Third World countries, or to support the United Nations. Wikipedia
It would be even better to use a limited number of currency, even just one, so speculation in international currency markets would be impossible or nearly impossible.
It would be even better to use a limited number of currency, even just one, so speculation in international currency markets would be impossible or nearly impossible.
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