Economists with most credibility on bank crisis agree nationalization necessary

In “Krugman, Stiglitz, Roubini, Taleb, Baker Agree: Nationalize,” David Mizner notes that “among economists who’ve been right about most things over the last few years, there’s virtual consensus. The "only answer” ( in the words in Joseph Stiglitz), “the obvious answer” (in the words of Dean Baker) is to nationalize the banks."

Posted by James on Friday, February 13, 2009