(A)fter years of Wall Street excess, and at a moment when new revenues are badly needed, the time has surely come for a financial transaction tax .
But this idea doesn’t just have the masses on its side; it has the elites, and even some Republican elites. Once championed by the granddaddy of liberal economics, John Maynard Keynes, the banner of a financial transactions tax has been picked up by conservative economists including Sheila Bair, George W. Bush’s appointee to the Federal Deposit Insurance Corp.
Tuesday, March 5, 2013
Katrina vanden Heuvel @ WaPo: