avatar
Motley Fool’s: “The Mother of All Mother of All Bailouts”





On Friday, September 19, 2008, the banner headline at the "Motley Fool" website proclaimed, The Mother of All Mother of All Bailouts, referring to a federal government program "to renew confidence in the financial system and let healthy lending resume."

The author, Morgan Housel, goes on to write, "And although the cost is also anyone’s guess at this point, I’m willing to bet it’ll cost somewhere between a gazillion and infinity dollars."




At the very least.

As I have thought about Parecon, I’ve often wondered how much it would cost to implement. It can’t be cheap, but surely it will be something less than this.

 

Leave a comment