Krugman moves to England

Carl Remick carlremick at hotmail.com
Mon Sep 24 16:08:55 PDT 2001



>From: "Ian Murray" <seamus2001 at home.com>
>
>Murky outlook for a leader who hates muddle
>
>Paul Krugman
>Monday September 24, 2001
>The Guardian
>
>... The grassroots campaign that took place before the market reopened,
>urging people to buy stock as a gesture of faith in America, has
>already backfired: anyone who patriotically purchased stocks got
>caught up in a market plunge that wiped out more than $1 trillion in
>wealth, while short-selling hedge fund managers who didn't let
>sentimentality get in the way of business did very well, thank you....

I wonder if the current patriotic fervor could be tapped to impose a confiscatory tax on any gains realized from short selling in the aftermath of the attack. The proceeds could be added to the funds being donated to victims' families.

Carl

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