Friday, September 26, 2008

The Bailout is a Bad Idea, Part IV

Too stressed out to read, then listen to this story why the bailout is bull:
  • NPR Interview
  • Economist: Bailout Makes Little Economic Sense
    Morning Edition, September 26, 2008 · One opponent to the $700 billion financial rescue plan is Allan Meltzer, a former Fed economist and a professor at Carnegie Mellon university in Pittsburgh, Pa. Meltzer tells Steve Inskeep he's against the proposal because he thinks if Wall Street created the problem, then Wall Street should solve it.

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