From The Trade of the Century: When George Soros Broke the British Pound at Priceonomics:
In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars is by all accounts pretty cool. But demolishing the monetary system of Great Britain in a single day with an elegantly constructed bet against its currency? That’s the stuff of legends.
A small tax on currency exchange would be a practical measure.
It's a very good article, by the way.
No comments:
Post a Comment
The spam filter's been acting up again lately. I'm aware, and checking it often.
Oh, what fun they must have with this at Blogger!