BUSINESS

Brad DeLong: What Would Have Happened If We Didn't Bailout The Bankers?

03/18/2010 05:12 am ET | Updated May 25, 2011

It is worth stepping back and asking: What would the world economy look like today if policymakers had acceded to the populist demand of no support to the bankers? What would the world economy look like today if Congressional Republican opposition to the Troubled Asset Relief Program (TARP) program and additional deficit spending to stimulate recovery had won the day?

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