October 10, 2008
In Dismal Times, Economists Try to Shape Financial Debates
Washington
On September 25, just after a White House meeting between the president and Congressional leaders over a $700-billion Wall Street bailout plan collapsed in acrimony, Sen. Richard C. Shelby, an Alabama Republican who opposed the bailout, stood in front of television cameras and waved a petition. It was signed by roughly 200 economists who were also skeptical. “This is not me,” he said. “This is economists at Harvard, Yale, MIT, the University of Chicago. Our leading universities. Five
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