firstThingsFirst

How Much Does the Bailout Really Cost?

Wow. I'm thinking of how opponents of the New Deal complained so bitterly about the cost. Maybe the biggest failing was that it was done on the cheap, or maybe we should conclude that New Deal-style spending aimed at the bottom is that much more effective that several times the spending aimed at the top. I'm also amazed by the cheapness of the Marshall Plan, especially when I think of how Americans reflexively complain about foreign aid as if it sucks up most of our money.