A Tobin tax is all about politics, not about economics

Mark Littlewood speaks to BBC World News

As President Sarkozy announces proposals for France to unilaterally introduce a financial transactions tax, Mark Littlewood, Director General of the IEA, speaks to BBC World News and argues that one need only look at the experience of Sweden in the 1980s to see the damaging effect that an FTT would have. 

Watch here (starts at 9:36).

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