The Bailout Line: What Would You Do With $250,000?
By Corey Pein on February 3rd, 2010
In an interview for SFR’s new cover story, “Born Poor,” Santa Fe Institute economist Samuel Bowles suggested that the government invest directly in individuals, perhaps by giving everyone a lump sum to use however they wish—say, $250,000.
“It sounds very radical,” Bowles says, “but it’s very consistent with economic ideas.”
It makes as least as much sense as giving hundreds of billions of dollars to Wall Street’s largest banks—some of which helped cause the recession—so that the banks can lend it back to taxpayers at outrageous interest rates.
SFR wondered what people would actually do with a cool quarter-mil, if it dropped in their laps. So, we asked.
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