leaving the process of recovery entirely to the healing powers of the banking industry, as libertarians suggest, would be imprudent, even if the banks could manage it. Lacking much government intervention, Japan’s recovery took a decade. Sweden’s recovery, with state intervention, took hardly any time at all.
Top Posts
- GDP - Consumption, Investment and Trade
- We need a coordinated surge to stem contraction in the credit markets ………………………………………………………………………………………. “We are really in uncharted waters. The question that has to be raised now is, where is all this going to end?” —Former Richmond Federal Reserve Bank President J. Alfred Broaddus Jr. “We are in new territory, this is a different game. [Neither Federal Reserve Chairman Ben Bernanke nor Treasury Secretary Henry Paulson] know what to do but they are trying to come up with ideas” —Senate Majority Leader Harry Reid ………………………………………………………………………………………. what happened to the $25b auto industry bailout, anyway?
- France, Germany Clash Over Proposal to Bail Out European Banks
- beware of geeks bearing formulas
- We’re shedding jobs in industries in a significant…
Leave a comment
Comments feed for this article