May 28

New World Order

Monday’s Big Idea

Today's Big Idea: The Bailout Game

Big government bailouts come with mixed blessings. On one hand, it is the only viable way to rescue banking institutions, auto makers and other floundering governments. When they simply don't have the money to continue to function, government bailouts can prevent them from going under and wreaking havoc on the global economy. On the other hand, governments are paying for bailouts on huge deficits, with the bulk of the burden riding on the backs of taxpayers. 

Today, our experts weigh on how policymakers handled one of the worse economic crisis in world history. Two years after the beginning of the European debt crisis, and four years after the U.S. credit crisis started, who got it right? What worked and what didn't? And for those who are still suffering despite government help, what will it take to win this bailout game?

 

  1. 1 It's Time To End This Greek Tragedy
  2. 2 How Romney Got the Bailout Wrong
  3. 3 Paul Krugman on the Fed’s Respons...
  4. 4 European Debt and China's Marshal...
   
  1. It's Time To End This Greek Tragedy

    It's Time To End This Greek Tragedy

    Sometimes it's better to do something - anything - rather than nothing at all.  That's the lesson of the old parable of Buridan's ass, where the poor animal is faced with two haystacks and, unable to decide which is bigger, dies of hunger. . .

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  2. How Romney Got the Bailout Wrong

    How Romney Got the Bailout Wrong

    In an interview in Ohio on Monday, Mitt Romney said he would “take a lot of credit” for the fact ...

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  3. Paul Krugman on the Fed’s Response to the Crisis

    Paul Krugman on the Fed’s Response to the Crisis

    Krugman evaluates Ben Bernanke's bailout.

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  4. European Debt and China's Marshall Plan

    European Debt and China's Marshall Plan

    The Chinese have been vocal about using their vast currency reserves to give financial supported to an indebted Europe. Their aim is to protect their own commercial interests.

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