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In which I disagree with Paul Krugman
Crooked Timber — As James Surowiecki points out here, my views on what’s entailed in bank nationalisation differ significantly from those of Paul Krugman. [1] Krugman, like quite a few other advocates of nationalisation, has in mind models like the Resolution Trust Corporation and the Swedish nationalizations of the 1990s, where the government took insolvent institutions into temporary public ownership, liquidated the bad assets and returned them to the private sector. These solutions worked well because the global financial system as a whole was solvent and liquid, even though ...

Reconstructing a Failed Global Financial System
Economist's View — John Quiggin says the world financial system is in need of radical restructuring: In which I disagree with Paul Krugman, by John Quiggin: As James Surowiecki points out here, my views on what’s entailed in bank nationalisation differ significantly from those of Paul Krugman.[1] Krugman, like quite a few other advocates of nationalisation, has in mind models like the Resolution Trust Corporation and the Swedish nationalizations of the 1990s, where the government took insolvent institutions into temporary public ownership, liquidated ...

Nationalize Like Real Capitalists
The Big Picture — ... McArdle — Why not nationalize, like Sweden? Quiggin — What to do with nationalised banks? Salmon — The Urgent Financial Crisis Facing Obama, Insolvent Banks: Why a Debt-for-Equity Swap Won’t Work, Felix Salmon Smackdown Watch, More on Bank Nationalization, Why Nationalization is the Best Alternative, Why We Should Nationalize Now, Nationalize Citigroup and Bank of America Surowiecki — Nationalization will not be easy, Where would bank nationalization stop? ...