Summary

The U.S. Treasury has decided to spend some of its $700 billion authority – $250 billion to start – to purchase equity in struggling banks. Casey Mulligan of the University of Chicago argues that this will not have the sought-after effect, and more likely it will have no effect at all.

Recommended Citation

Mulligan, Casey B. (2008) "Is the Treasury Impotent?," The Economists' Voice: Vol. 5 : Iss. 7, Article 4.
DOI: 10.2202/1553-3832.1466
Available at: http://www.bepress.com/ev/vol5/iss7/art4