Sadly they\’re both blathering (if not in fact being deliberately obtuse to the point of mendacity).
This is the same report that was leaked a couple of months back. My response is here.
What the IMF actually tells us is that an FTT (ie, The Robin Hood Tax) would not in fact reduce volatility and could well increase it, would not in fact be paid either by banks or capital but by workers in the long term and that there are better ways to achieve the desired goals anyway.
This is not what I would call an endorsement of their mitherings.
Don\’t let them get away with their \”spin\” (\”spin\”, in this case being properly defined as \”being deliberately obtuse to the point of mendacity\”).