A New Reconstruction Corp. : No Cure for U.S. Economic Ills


Publication Date: December 1983

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Richard B. McKenzie

Research Area: Banking and finance; Economics

Keywords: Economy

Type: Report


Contrary to the admirable intentions of its sponsors the evidence argues persuasively that an RFC would not reinvigorate the economy as predicted. Rather, it would merely insure political subsidies of faltering corporations, imposing yet another government drag on U.S. economic development.