Editor, The New York Times

229 West 43rd St.

New York, NY 10036

To the Editor:

Bob Herbert endorses a tax on financial transactions because, in his view, that's where the money is ("Where the Money Is," Jan. 12). And he even credits Willie Sutton for inspiring this idea.

How refreshingly frank.  Mr. Herbert doesn't hide the fact that his ethics are those of a bank robber.

Sincerely,

Donald J. Boudreaux

Don Boudreaux is the Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser.