Monday, September 29, 2008

A Bailout We Don't Need

"All five big investment banks have disappeared or morphed into regular banks. Is this bailout still necessary?" I'm currently reading a book by James Galbraith, son of the famous economist and also an economist. Up to now, my favorite economist has been Paul Krugman. I'm happy to broaden my horizons with Galbraith, but the two of them disagree on the need for a bailout, so just color me confused.

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