Megan McArdle writes:
Tim Geithner reveals that the Treasury has a plan to fix the problems in our broken capital markets by . . . er . . . fixing them.
Paul Krugman writes:
An old joke from my younger days: What do you get when you cross a
Godfather with a deconstructionist? Someone who makes you an offer you
I found myself remembering that joke when trying to make sense of the Geithner financial rescue plan.
It’s really not clear what the plan means; there’s an interpretation
that makes it not too bad, but it’s not clear if that’s the right
Here is Brad DeLong on same. Get the picture?