This seems like an interesting idea - basically a government run market for credit for private companies. My main question is "doesn't the corporate bond market already allow companies to do this?"
http://blogmaverick.com/2011/08/10/an-i ... o-discuss/
Mark Cuban's idea for the economy
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Mark Cuban's idea for the economy
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: Mark Cuban's idea for the economy
Storm, I agree with your point about the bond market. I suppose he must be thinking that the difference between 5% and 0% lending is enough to get companies to expand. I can't help thinking that so many companies have spare productive capacity / unsold inventory as it is. Would they want to hire more people? I thought we now have a supply glut and a demand shortage. I'd have thought that just paying out a citizen's dividend would have more benefit for economic growth.
"Good judgment comes from experience. Experience comes from bad judgment." - Mulla Nasrudin