{"id":196111,"date":"2008-05-23T05:00:00","date_gmt":"2008-05-23T10:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/23\/lieberman-proposes-commodities-restrictions\/"},"modified":"2008-05-23T05:00:00","modified_gmt":"2008-05-23T10:00:00","slug":"lieberman-proposes-commodities-restrictions","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/23\/lieberman-proposes-commodities-restrictions\/","title":{"rendered":"Lieberman Proposes Commodities Restrictions"},"content":{"rendered":"<p>Joe Lieberman is saying that he is, &#8220;<a href=\"http:\/\/www.iht.com\/articles\/2008\/05\/21\/business\/commod.php\">considering legislation to place limits on large institutional investors in commodities markets<\/a>&#8220;.<\/p>\n<p>Even if he weren&#8217;t a complete asshat, nothing would come of this, because he is from Connecticut, and with New York City being the world&#8217;s capital for such activities, and with many of the people who make a living on the trade living in Southern Connecticut, there is <span style=\"font-weight:bold;\">no<\/span> way that he would really press this.<\/p>\n<p>While I believe that one of the problems with <span style=\"font-weight:bold;\">any<\/span> market today is excessive speculative capital in and out flows, Lieberman&#8217;s proposal is rather limited, directed at limiting pension funds and closing a few loopholes, and won&#8217;t do much good, because there is already an industry full of people who find ways of ignoring such restrictions.<\/p>\n<p>Instead, I suggest a <a href=\"http:\/\/40yrs.blogspot.com\/2008\/03\/dean-baker-has-great-idea-but-it-needs.html\">transaction trading tax on financial instruments<\/a>.  It&#8217;s easily implemented, hard to avoid, and penalizes those who trade the most.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joe Lieberman is saying that he is, &#8220;considering legislation to place limits on large institutional investors in commodities markets&#8220;. Even if he weren&#8217;t a complete asshat, nothing would come of this, because he is from Connecticut, and with New York City being the world&#8217;s capital for such activities, and with many of the people who &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,1200,1020,985],"tags":[],"class_list":["post-196111","post","type-post","status-publish","format-standard","hentry","category-congress","category-inflation","category-legislation","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196111"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196111"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}