Wasserstein: What We’ve Learned From the Market Mess
Bruce Wasserstein of Lazard discusses what caused today's chaos in financial market and how to fix it.
inflation indexed capital gain tax
When inflation is rising, the effective capital gain tax also rises, which hurts investment and economy. Here is a piece from WSJ advocating inflation indexed capital gain tax.
![[The Inflation Threat to Capital Formation]](https://s.wsj.net/public/resources/images/ED-AH336C_darda_20080409172415.gif)
