Prohibit wagers on upside or downside moves of prices

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.


RELATED ARTICLESExplain
The Global Financial Crisis
How should the US and other governments respond?
Measures to prevent Financial Crisis recurring?
Prohibit wagers on upside or downside moves of prices
External speculation is useless and dangerous.
Finance is extremely usefull
It's impossible to implement
Too much money would go back into the economy, leading to inflation.
Restructure the financial regulatory system
Restructure the financial regulatory system
Work Time Reduction
Allow a genuinely free market to operate
Hold financial institution earnings in escrow for seven years
Increase transparency regulatory supervision of hedge funds
Promote the recapitalisation of the banking system
Restructure the financial regulatory system
Rework Basel II and international GAAP accounting frameworks
Set up a public exchange for the Credit Default Swaps market
Stop central banks setting artificial interest rates
Graph of this discussion
Enter the title of your article


Enter a short (max 500 characters) summation of your article
Enter the main body of your article
Lock
+Comments (0)
+Citations (0)
+About
Enter comment

Select article text to quote
welcome text

First name   Last name 

Email

Skip