Saturday, November 1, 2008

Four Ideas to Save the Economy

The Washington Post asked four business executives how to save the economy. Here are the four ideas the executives came up with:
  1. Full nationalization of Fannie and Freddie. (Carl Goldsmith, chief investment officer of Berkeley Capital Management)
  2. Suspend worker Social Security contributions to encourage growth through consumer spending. (Dimitri Papadimitriou, president of the Levy Economics Institute of Bard College)
  3. Suspend state sales taxes, with the federal government picking up the tab. (Laurence J. Kotlikoff, Boston University economics professor)
  4. Lenders must renegotiate mortgage terms when prices in their area fall more than 20 percent. (Luigi Zingales, University of Chicago economist)
Source: What's the Big Idea

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