Will the Paulson Plan Turn a Profit? Let's Bet
By Bryan Caplan
Bush says that the Paulson Plan might turn a profit:
The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal. And when that happens, money will flow back to the Treasury as these assets are sold. And we expect that much, if not all, of the tax dollars we invest will be paid back.
Does anyone want to make an even-odds bet that the Paulson Plan turns a profit during the next ten years? (I want to bet No, of course).
P.S. If you’d like to refine the bet, I’m listening.