I have to wonder if France's new president, Francois Hollande's real name isn't perhaps Frankie O'Lande given his perplexing grasp of the nature of money. It's like Socialist Economics 101.
He wants to raise super-taxes on the creators of wealth, then splurge it on the feckless. He says he is 'anti-austerity' and 'pro-growth' which are meaningless and contradictory phrases, especially in the face of the catastrophic market reaction to the news of his election. He wants to levy financial transaction taxes but simultaneously and "openly describes himself as an 'enemy of finance', [and] said he would make his antipathy towards the City of London clear."