Commentary | Economic Growth

Bailout imperfect but necessary

The U.S. government’s plan to spend $700 billion to buy up shares of financial insitutions and their toxic assets was imperfect but necessary, argues EPI Research and Policy Director John Irons. In a <a href=”” title=”debate”>debate</a> with the Cato Institute on Google’s interactive Knol, Irons says vigilance is now needed to ensure that taxpayers are protected as much as possible.

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