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In the lost decade of 200110 this dollar erosion led to unproductive speculation in housing and commodities and a dearth of investment in infrastructure and productive enterprise.
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Mr. Tobin, who originally proposed the so-called Tobin tax in 1972 as a means of reining in unproductive currency speculation, has mixed feelings about his sudden burst of popularity abroad.
What you would have to call excess wealth then, is channeled into unproductive "investments", speculation.
Walker also criticized George's assumptions that technical progress was always labor saving and whether land held for speculation was unproductive or inefficient.
He has promised to redistribute a total of 20m hectares (50m acres), including privately owned land identified as "unproductive", obtained illegally or used for speculation, by the end of his term in 2011.
Then, and the next day, Rubio and Trump engaged in an unproductive discussion about hand size, encouraging speculation about provocative correlations.
In addition to discouraging economically unproductive and dangerous investment practices, the Wall Street Speculation Tax would bring in an addition $352 billion in revenue at little to no cost to the average American.
– unproductive.
It becomes very unproductive".
Set pieces were unproductive.
It is unproductive".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com