The crisis -- and Geithner plan -- explained
Q: But at least some economists know how to fix this, right?
A: We think so. We recommend four things: (a) The Federal Reserve should purchase Treasury bonds for cash in as large a quantity as needed to push their prices up as high as possible. For if Treasury bonds are expensive, then investors will likely shift some of their demand to mortgage and corporate bonds, push up their prices somewhat; (b) Even after the Federal Reserve has pushed ...
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