Paul Krugman, Brad DeLong, and Matt Yglesias have been clamoring (among other things) for a nationalization of the banking system, following the Swedish example of the early 90s.
For why not, see Megan McArdle and Tyler Cowen.
When Theoretical Rigor Misses Reality: Why Interchange-Fee Caps Won’t
Benefit Consumers
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Interchange fees charged by payment networks have in recent years been one
of the most heated and persistent battles in financial regulation. These
fees—...
3 hours ago
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