How to deal with the US financial crisis at no cost to the taxpayer
I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best satisfy the stated criteria. In contrast to almost all of the proposals that have been made, mine involve no bailout of the financial sector with public funds.
|Date of creation:||28 Oct 2008|
|Date of revision:|
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- Lawrence M. Ausubel & Peter Cramton, 2008.
"Auction Design Critical for Rescue Plan,"
Papers of Peter Cramton
08adcfrp, University of Maryland, Department of Economics - Peter Cramton, revised 2008.
- Leamer Edward E, 2008. "Please Think This Over," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-5, September.
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