New at Reason: Jacob Sullum on the Government's Confusing and Contradictory Economic Pronouncements

November 19, 2008

Treasury Secretary Henry Paulson warned us that the economy was about to collapse unless Congress immediately authorized him to spend $700 billion on "troubled assets" held by banks. But it's been a month and a half and the Treasury has yet to buy any troubled assets. In fact, last week Paulson said it had no plans to do so. And as Senior Editor Jacob Sullum writes, that's just one of the many bewildering reversals in economic wisdom we've seen in recent months.

Read all about it here.