More excess demand for spot analysis
2008-10-08 · Original WordPress address
Prof. Mankiw:
The question for the moment is, How can we get capital back into the financial system? Ideally, it would be great if more Warren Buffetts would step up to the plate and recapitalize financial firms with private money. Unfortunately, that might not happen fast enough to prevent a major economic downturn. (emph added)
What does he mean by "not happen fast enough"?
My willingness to pay for this information is the money equivalent of 5 minutes of reading time plus a small probability that I'll glance at the ads on your site. Of course, public praise will be lavished upon you if you answer. Also, I'll pay extra if your answer has the the term "Walrasian Auctioneer" in it.