Real Economists Disagree

Chicago area economists lead opposition to bailout
http://abclocal.go.com/wls/story?section=news/local&id=6415132

Senator Richard Shelby went to the White House armed with a letter. The letter is signed by 200 economists, including three Nobel Prize winners, and warns Congress not to back the bailout.
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Prof. Cochrane says despite what you hear from Wall Street and Washington financial armageddon is not upon us..."Before you go nuclear I think we need to know if there's something really bad out there they're not telling us about," said Cochrane.
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Both Sapienza and Cochrane say the Bush administration is hyping the urgency with which Congress needs to act. They believe the markets can hold their own for a week or two or three and give congress time to determine whether such a big bailout is essential.

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Comment:

Yes, actual experts think this may be the wrong solution. In other words:

"Manos Arriba, esto es un robo!"