Economists say The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks
The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion:
- Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
- The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
- Economics professor and senior regulator during the S & L crisis, William K. Black
- Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
Pshhh what do a bunch of widely respective economists know about the economy? What they’re really saying is that we should cut taxes and environmental regulations! /sarcasm
Look! Someone from Booth!