A truly Keynesian rescue plan should do more than bail out foolish investors. How might the pieces fit into a larger design? Well, if the taxpayers are going to acquire a stake in the nation's largest insurance company, perhaps that company can be the cornerstone of a new system of universal private health coverage. If the taxpayers are going to acquire $700 billion in real estate assets, perhaps the eventual profits can fund new investments in infrastructure or energy technology.
9.24.2008
What Would Keynes Do?
Ignatius speaks for John Maynard Keyes:
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1 comment:
Like you stated earlier Gwinn...Why doesn't someone, like Barack Obama perhaps, step up and make these arguments? It could be a way to put a positive spin on a horrible, and horribly handled, crisis.
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