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=”http://knol.google.com/k/knol-debates/2008-presidential-election-policy/1zs871mejtqiw/5?locale=en#” 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.
Sign up to stay informed
New research, insightful graphics, and event invites in your inbox every week.
See related work on Financial markets and Economic Growth