In which we agree completely with a Wall St Journal editorial, the topic being Alistair Darling's bankster bonus tax --
If our politicians are concerned about windfall profits at banks, they'd do better to re-examine the ways in which their own bailouts and calls for re-regulation are cartelizing the banking industry and insulating the biggest banks from competition.
And as in previous instances, Paul Krugman's uncritical endorsement of any financial sector policy coming out of London looks a tad strange.
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