Wednesday, February 18, 2009

You say nationalize, I say nationalise

Nationalize the Banks! We're all Swedes Now

The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is to nationalize it As free-market economists teaching at a business school in the heart of the world's financial capital, we feel downright blasphemous proposing an all-out government takeover of the banking system. But the U.S. financial system has reached such a dangerous tipping point that little choice remains. And while Treasury Secretary Timothy Geithner's recent plan to save it has many of the right elements, it's basically too late

Posted by gardeniadotnet @ 08:48 AM (624 views)
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One thought on “You say nationalize, I say nationalise

  • mark wadsworth says:

    Turnips.

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