Monday, April 30, 2012

Ludicrous Proposal by Harvard Economics Professor to Force Taxpayers to Buy Spanish Bonds; Mish's Five-Point Alternative Proposal


As the economic crisis lingers on, the number of ludicrous proposals to deal with the crisis rises every month. I have lost count by now of preposterous ideas and who made them (does anyone have the complete list?), but a proposal by Harvard Economics professor Martin Feldstein to force taxpayers to buy Spanish bonds surely makes the list of top-five ludicrous proposals. Martin Feldstein, writing for the Financial Times says Taxpayers must backstop Spain’s budget...
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Judy Morris,
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