Is Nationalization Better Than a Bailout?

Buying more financial institutions might be the alternative to the Paulson plan.


When economists come up with their own rescue plans, they often model what happened in Sweden and Japan. The governments there bought into the banking system, as happened here with AIG. If the Paulson plan doesn't pass, we may get a lot more of that here. So if you are an economic conservative, you have to ask yourself: Which is the lesser of two evils?