The government car boot sale
Jan 23, 2009
Bishop Hill in Economics

Jim Lindgren, writing at the Volokh Conspiracy, suggests that the American banks hold a yardsale (that's something like a car boot sale, I imagine) to liquidate some of their assets. That makes perfect sense, and I'm sure British banks should follow suit.

But why stop there? Surely the government should not start holding a carboot sale to get rid of its assets and fill the budgetary holes left by its mismanagement of the economy. Yup, it's privatisation again. Now. Where could we start. Schools....hospitals...the BBC...Channel 4. That should help.

Any other suggestions?

I've how much these would raise in the marketplace, but it must be quite a lot, mustn't it. Your estimates are also welcome.

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