Wednesday, January 21, 2009

Questions for Tim Geithner

The NYT published an interesting article where experts in finance and economics pose important questions to Tim Geithner, Obama's nominee for heading the Treasury Department (HT Mankiw). Here are some of the most relevant:

The Treasury and Federal Reserve have been selecting which companies in American industry and finance will get taxpayer money. What criteria do you use to decide?

Do you believe raising taxes on savings and investment, as would occur if the Bush tax cuts expire in 2010, will help or hurt our economy?

President Obama supports the estate tax. Why should a person who leaves his money to his children pay more in taxes than another person with the same lifetime income who spends all his money on himself?

Should large financial institutions incur higher reserve requirements or other regulatory penalties when they become “too big to fail”?

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