Timmy Elsewhere

(There\’s a lot of that today, isn\’t there?)

Speccie.

Environmental profit margins and bailing out GM.

 

1 thought on “Timmy Elsewhere”

  1. When you say that banks should get taxpayer assistance, you are saying that the banks provide positive externalities which are not captured by the private sector valuation.

    In the case of GM/Ford, which you correctly say the market values at less than zero, does this valuation include the social benefit of salaries paid to workers, and pensions and healthcare (what you term the legacy costs) paid to former workers?

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