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Economist: Bailout Makes Little Economic Sense

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Economist: Bailout Makes Little Economic Sense

Economy

Economist: Bailout Makes Little Economic Sense

Economist: Bailout Makes Little Economic Sense

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  • <iframe src="https://www.npr.org/player/embed/95076180/95076147" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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One opponent to the $700 billion financial rescue plan is Allan Meltzer, a former Fed economist and a professor at Carnegie Mellon university in Pittsburgh, Pa.

Meltzer tells Steve Inskeep he's against the proposal because he thinks if Wall Street created the problem, then Wall Street should solve it.