Correction on Larry Summers. I mentioned that when I cited his paper on a tax on securities trading, he reacted angrily when a Nation factchecker called him—he didn't want his work used "politically." The way I remembered it, we ran it anyway, but in fact The Nation chickened out. Quoting a footnote from my book Wall Street:

"When he was still an academic, Summers did not like it that his paper tentatively promoting a transactions tax on securities to discourage pointless trading was going to be quoted in an editorial in The Nation; the editorial used his numbers, but was stripped of his timorous endorsement (Nation 1989)"

Citation:
Nation (1989). “Tax the Big Casino,” Nation 249 (August 21), p. 189.

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