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Yglesias

Nationalization, The Hows and Whys

By Matthew Yglesias on Sep 27, 2008 at 9:04 am

Yesterday, I said that rather than a bailout of banks we needed to nationalize them. But I illustrated it with a picture of Lenin and a lot of overheated rhetoric. But it’s a serious argument. The very serious and moderate Brad DeLong explains how it would work.

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