By Eliot Spitzer
ISBN-10: 0262015706
ISBN-13: 9780262015707
In his first publication, the previous ny governor and present CNN cohost bargains a manifesto at the economic system and the general public curiosity.
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Extra info for Government's Place in the Market (Boston Review Books)
Example text
More than 50 percent more went to GoldÂ�man, even though there has been consenÂ�sus for years that high-speed rail is critical: for energy, for efficiency. We’re not doing what needs to be done. Or, consider the auto industry. We gave huge sums of money to resuscitate the shells of companies that probably won’t come back. ” It doesn’t matter what the nameplate is—Kia, GM, Chrysler—but make them here. Set the number high enough so that the companies could genÂ�erate a profit because of scale. government’s place 44 in the market Electric cars face a major challenge, but one that also offers opportunity: you can’t get very far on an interstate highway in an electric car.
So we have: Rule 3. The government needs to inter�vene on behalf of core values. These three rules do not offer a uni�versal theory that solves every problem, but they do create a rational framework that says govern- eliot spitzer ment should be active in certain areas and for specific reasons. C oming now to the current crisis: has government intervention been ap�propriate and effective? Perhaps not surprisingly, my conclusion is that it has not. When our economic world appeared to collapse, there was absolutely no question that an enormous sum of money was going to be spent creating solvency and liquidity; money needed to be pushed into the sys�tem.
Government’s place 44 in the market Electric cars face a major challenge, but one that also offers opportunity: you can’t get very far on an interstate highway in an electric car. The govÂ�ernment, which built the highways during the Eisenhower administration, should build recharging stations wherever there are gas stations on the interstate. That is an infrastructure project that creates jobs and eases the transition away from gasoline-powered cars and toward electric cars. We know we want to be leaders in that.
Government's Place in the Market (Boston Review Books) by Eliot Spitzer
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