What Financial Crisis? #
September 23rd, 2008 | In Worth Considering
Some people of some repute — Chris Bowers, David Cay Johnston, Congresswoman Marcy Kaptur — think that there’s really no need for Hank Paulson’s $700 billion dollar proposal (or anything like it). I don’t know nearly enough to have anything intelligent to say, but i thought I’d note it.
(via @gruber)
UPDATE (20 minutes later): Also:
- An open letter from economists doubtful of Paulson’s plan.
- Felix Salmon and Ryan Avent answer David Cay Johnston (linked above). (via Yglesias)
- A chart to put the massive size of the proposal in historical context. (via Kevin Drum)