The economist Paul Krugman, who I tend to trust implicitly, seems to think that Gordon Brown's plan is good and should be implemented here in the States in some form as well:
If you listen to that "This American Life" episode, they discuss this approach near the end of their presentation. I think they call it a "stock injection plan". It was tried in Sweden some years ago, when that country experienced a similar collapse, and it apparently worked well.
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Date: 2008-10-09 03:28 pm (UTC)http://krugman.blogs.nytimes.com/2008/10/08/to-do-not-to-do/
If you listen to that "This American Life" episode, they discuss this approach near the end of their presentation. I think they call it a "stock injection plan". It was tried in Sweden some years ago, when that country experienced a similar collapse, and it apparently worked well.