A VC's solution to the economy

Fred Wilson has an excellent post this morning on what to do with the economy. What I like about it is that it comes from the view of a venture capitalist, one who invests money to make money. He compares the Wall Street debacle to a failing start-up that needs a bridge loan. We, the taxpayers, should give it to them — but only in pieces — if the return on that investment is spelled out. If that can’t be stated, then the $700 billion isn’t an investment; it’s a gift, and we shouldn’t do it. Go read it. It’s fascinating.

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