Re: Volatility

["John O'Donnell" <jackodonnell@xxxxxxxx>]

Paul Davidson wrote:

<<SNIP>>
> As the talk returns to the use of taxes on financial transactions to reduce
> volatility (bubbles?), I wonder why no one look at the empirical evidence
> which shows that a transactions tax ALWAYS increases volatility measured as
> variance.

Quite simply because there are taxes other than transaction
taxes that do affect volatility but some people are so
enthralled by themselves that anything they have not said
doesn't exist.

--
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