Comment on Nationalize the Banks! We're all Swedes Now

Nationalize the Banks! We're all Swedes Now

The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is nationalization. As free-market economists teaching at a business school in the heart of the world's financial capital, we feel downright blasphemous proposing an all-out government takeover of the banking system.

 

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