> From: "DICKENS, EDWIN (201)-408-3024" <[EMAIL PROTECTED]> > Subject: [PEN-L:12071] Re: Greenspan on Govt. Intervention in Markets > of last resort. Max: why aren't lender of last > resort interventions like dropping a big bag of > money on ailing institutions? If the point is to They are; I was talking more about monetary ease and noting that dropping the bag has an analagous effect. > help labor, let the private-sector institutions fail > and set up public-sector alternatives to drop big bags > of money on labor. I don't disagree, as I tried to say in my reply to Doug. By the way, where ya been? Haven't seen you in these parts for a while. Max ================================================== Max B. Sawicky Economic Policy Institute [EMAIL PROTECTED] Suite 1200 202-775-8810 (voice) 1660 L Street, NW 202-775-0819 (fax) Washington, DC 20036 Opinions here do not necessarily represent the views of anyone associated with the Economic Policy Institute. ===================================================
