« A Modest Bailout Proposal | Main | "My Country Has Had Crisis..." »

The Right and the Left of It

posted by Angie Littwin

As debate on the bailout continued today, a funny thing happened on the New York Times' op-ed page. William Kristol, the Times' current token-ultraconservative columnist, and Paul Krugman, who might just be the most-read liberal economist in the country, agreed. They agreed that the bailout proposed by Paulson is a terrible one. Even more, they agreed for many of the same reasons, the main issue being Bob Lawless' point that the plan provides for just about no oversight of its implementation.

My views being what they are, I found Krugman's to be a must-read analysis of the current crisis. He breaks down what went wrong in a simple but not overly simplistic fashion and pinpoints exactly where intervention is needed.

Quick update: A few minutes ago,  Krugman registered more positive opinion of Senator Dodd's alternative proposal.


TrackBack URL for this entry:

Listed below are links to weblogs that reference The Right and the Left of It:


The comments to this entry are closed.


Current Guests

Follow Us On Twitter

Like Us on Facebook

  • Like Us on Facebook

    By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.



  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless ([email protected]) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.