Prohibit wagers on upside or downside moves of prices Position #113433

A proposal of a prohibition of wagers on the evolution of prices (which was standard in the 19th century) within the framework of a Constitution for the Economy.

Prohibit wagers on upside or downside moves of prices.


Updated infos about this position on the english version of Paul Jorion's blog

Paul Jorion defends his proposal at Zermatt Summit on the 16th of June 2011:



“Healthy” / “destructive” system of capitalism (2nd version) by Lambert de Haas, based on an interview with Paul Jorion.

“Healthy” / “destructive” system of capitalism (2nd version) on Prezi

PAGE NAVIGATOR(Help)
▲Map HomeThe Global Financial Crisis
▲IssueHow should the US and other governments respond?
▲IssueMeasures to prevent Financial Crisis recurring?
■PositionProhibit wagers on upside or downside moves of prices
●SupportiveArgumentExternal speculation is useless and dangerous.
●SupportiveArgumentFinance is extremely usefull
●OpposingArgumentIt's impossible to implement
●OpposingArgumentToo much money would go back into the economy, leading to inflation.
►RelevanceRestructure the financial regulatory system
◄RelevanceRestructure the financial regulatory system
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Entered by:- Insi Pide
Entry date (GMT): 7/11/2011 10:03:00 PM
Last edit date (GMT): 9/4/2011 9:09:00 AM
Incoming cross-relations: 1
Outgoing cross-relations: 1
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