I read a news report that a growing chorus of economists and others are recommending the nationalization of American banks. That'd be surprising, except that the chorus members were never too awfully committed to the market anyway.
Maybe we should invite back Alan Greenspan to run the banks the same way in which he ran the Fed. He set the real Federal Funds rate below zero for three years, which set the stage for the leverage orgy that we're unwinding.
While we're discussing the nationalization of our commerical banks, why don't we discuss the privatization of our Central Bank?
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i'd like to subscribe to your blog as a "follower" but you haven't yet added the "follow this blog" feature to your site.
Thanks, I'm flattered.
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