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July/August 2006, 
Vol. 88, No. 4
Posted 2006-07-01

Panel Discussion: What Is the Appropriate Role of the Federal Government in the Private Markets for Credit and Insurance? What Is the Outlook?

by Robert E. Litan and Joseph E. Stiglitz

Robert E. Litan focuses on federal relief for natural disasters and the need to take proactive measure now. Joseph E. Stiglitz focuses on the role of government in risk-bearing, identifying recent episodes of government bailouts and the need to better understand why individuals have been inadequately insured.