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Five Thoughts and Observations Under the Fedora: $269.9 Gas in Fitchburg, A
Temporary Sign?, Open Roads, , Reagan 1981-84 redux? and A function of math
not a Miracle of God
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This week I picked up my son from work and had him pump gas for me at the
station near my church on Mechanic Street in Fitchburg because it’s the
cheapest ...
4 hours ago
The analysis is a little more nuanced than your short description portrays. Here are two interesting quotes:
ReplyDelete"These results do not allow us to conclude that the plan was useless: it could have succeeded in helping the economy through other channels, for instance by stopping investors’ panic."
"We find that the revised Paulson plan is the most expensive for the taxpayers, but it limits the value at risk and the Government ownership of banks."
The latter quote implies trade offs inherent in any policy.
Also, inaction could have made things a lot worse. Look at Iceland for an idea of how bad it could get.
@Sean:
ReplyDeleteIt's all steamer. But giving more money to proven losers smacks of insanity.