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.

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

CONTEXT(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
How should the US and other governments respond? »How should the US and other governments respond?
▲
Measures to prevent Financial Crisis recurring? »Measures to prevent Financial Crisis recurring?
■
Prohibit wagers on upside or downside moves of prices
●
External speculation is useless and dangerous. »External speculation is useless and dangerous.
●
Finance is extremely usefull »Finance is extremely usefull
●
It's impossible to implement »It's impossible to implement
●
Too much money would go back into the economy, leading to inflation. »Too much money would go back into the economy, leading to inflation.
►
Restructure the financial regulatory system »Restructure the financial regulatory system
◄
Restructure the financial regulatory system »Restructure the financial regulatory system
+Comments (0)
+Citations (0)
+About