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ELEVEN ANSWERS….Tyler Cowen rounds up some criticism of the Paulson bailout plan:
There is the O’Neill plan….Or the Soros plan. And here is a “SuperBond” plan to recapitalize the banking system. And then there is the Phelps plan….Not to mention the French plan. Or how about the Wright plan.
You remember the old joke, don’t you? Ask ten economists a question and you’ll get eleven different answers. Has that ever been more true than during our current credit crisis?
