Re: [Pen-l] Dani Rodriks loves tax havens

[Laurent GUERBY <laurent@xxxxxxxxxx>]

On Sun, 2009-04-05 at 09:01 -0400, Max B. Sawicky wrote:
> I think the idea is they are host to ultra-risky off-balance sheet
> activity that
> increases financial fragility and the exposure of taxpayers in OECD
> countries.
> 
> Plus it's the whole opportunity-in-crisis thing, trying to tap a
> revenue source
> in a time of pressing need, as you suggest.
> 
> Methinks you are a little harsh with Prof. Rodrik.  On balance he's a
> positive
> influence among the economically correct (sic).  In the ranks of
> blame-worthy
> economists, he's pretty far down the list.

I react to what people say: people can say lots of smart things
and that's not a reason not to react when they say something
obviously less smart. "Qui aime bien chatie bien" as we say
in frogland :).

Plus it's a good test to see if Prof. Rodrik is honnest or wether
he considers himself above any contradiction.

Sincerely,

Laurent
http://guerby.org/blog



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