Check out the new post by David Brin over on his blog. It starts out being about Newt Gingrich but ends up in very interesting territory. He goes into the pros and cons of a trading transaction tax currently being proposed in the EU. I think his argument in favor of the tax is compelling and think it would help on balancing the budget and making trading fairer for the individual investor.
Contrary Brin: Gingrich, Asimov, and the "Flash" Computer-Trading...: Both Republican former House Speaker Newt Gingrich and Nobel prize
winning Keynsian economist Paul Krugman have a trait in common. They
grew up fervent science fiction fans, especially transfixed by the
future-historical speculations of Isaac Asimov. Gingrich wrote about this influence that helped to shape his life.
Toynbee was impressing me with the history of civilizations, Isaac
Asimov was shaping my view of the future in equally profound ways….For a
high school student who loved history, Asimov’s most exhilarating
invention was the ‘psychohistorian’ Hari Seldon. The term does not
refer to Freudian analysis but to a kind of probabilistic forecasting of
the future of whole civilizations. The premise was that, while you
cannot predict individual behavior, you can develop a pretty accurate
sense of mass behavior. Pollsters and advertisers now make a good
living off the same theory.”
See the rest of this post here >>> http://davidbrin.blogspot.com/2011/12/gingrich-asimov-and-computer-trading.html