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Reply #70: Krugman: Where will the money come from? [View All]

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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 09:33 AM
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70. Krugman: Where will the money come from?
http://krugman.blogs.nytimes.com/2008/09/30/where-will-... /

In the end, the US government will rescue the financial system not today or tomorrow, maybe not Thursday, but soon, and for the rest of our lives, or anyway until the next crisis.

But, people ask me, where will we get the money? Wont we have to borrow it from the Chinese?

Actually, no.

Ten years days ago, I explained that the Paulson plan would actually move money in a circle. No outside financing would be needed.

What if we turn to a different and better plan, one that recapitalizes the financial system. Wont that need outside funds? No.
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