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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Keith Fauci who wrote (3342)	4/11/2002 9:42:10 PM
From: Raymond Duray	Read Replies (1) of 3536

Keith, Wow, you sure got wound up pretty tight for that last one. Most impressive rant. I hate to disappoint you, but I believe you completely misunderstand my position on the so-called Tobin tax. I couldn't care less where the money goes. What is important to me is that the tax takes the incentive out of currency speculation, which is an inherently destabilizing and destructive force, that only rewards totally non-productive and graspingly rapacious sectors of the economy. Like bankers with a bad attitude and hedge funds from hell. It is these useless parasites on human commerce that I see in need of being controlled, if not eliminated. All the best, Ray

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