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Gordon Brown Does Good

Posted on October 08, 2008

It's nice to see.Barry Eichengreen says: good job. Now let's see coordinated banking-sector recapitalization and coordinated fiscal stimulus alongside the coordinated rate reduction we saw this morning.Here's Paul Krugman on Gordon Brown: Paul Krugman: Readers ask what I think should be done about the financial crisis. The answer is, what Gordon Brown in doing in Britain: a bailout, yes, but one that gives the government an ownership stake in the bailed-out institutions. That plus a serious fiscal stimulus plan that includes emergency aid to state and local government. The Brown plan, by t...

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gdp , treasury secretary