bailout
In Chile, It Is Always the Banks That Decide the Direction of Politics
Chile's government announced it would deliver $24 billion in state-guaranteed loans through the financial system to save companies at risk of bankruptcy due to the...
The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
A New Capitalisn’t Episode: How to Exit the Covid-19 Quarantine – a Reading List
For the good of public health, it's important that we continue staying in quarantine, at least for another month or two. But eventually, we...
The Populist Right Has a Plan to Take Power Away From Financiers and Challenge China
The nationalist rhetoric of the Trump administration can obscure a more sophisticated recognition by some people in the populist world that the core dynamic...
A New Capitalisn’t Episode: Winners and Losers in the Stimulus Bill – a Reading List
In order to combat the coronavirus, Congress has passed a $2 trillion stimulus bill that targets individuals, small businesses, and large corporations. From an...
The Stimulus Package Is Too Expensive and Poorly Targeted: The Waste Contained in the CARES Act
A cost-effective stimulus to mend the effects of a 24 percent drop in GDP would cost no more than $1.3 trillion over a 6-month...
Bethany McLean’s Weekend Reading List: Walmart, Opioids, Oil Prices (and Coronavirus)
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
Oh my goodness, say it isn't so:...
The Economics of the Covid-19 Bailout: a Webinar
Princeton Professor Markus Brunnermeier and Nellie Liang, the former director of the Division of Financial Stability at the Federal Reserve, discuss the legacy of policy...
This Is Not a Financial Crisis, So Why Should We Bailout Wall Street (Again)?
Republican and Democratic Senators reached a deal on a $2 trillion bill to help businesses and people hit by the coronavirus outbreak. But the...
Please, Don’t Use Taxpayer Money to Bail Out Investors Like Me
When we invested in stocks and bonds, we knew we might have to face a storm or two. The high returns we received on...
