Monday, November 17, 2008

From Crisis to Crisis

Indeed.

Support for a GM bailout is negatively correlated with your distance from Michigan.

Joking aside, this is one of those subjects I don't have especially strong opinions about. I think a bad approach to policy is to lurch from crisis to crisis, using each one as an excuse to DO SOMETHING. We should have a general framework for dealing with companies which are too big to fail, as apparently there are a lot of them

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