Date of Original Version

1-2009

Type

Article

Abstract or Description

Successful official financial institutions, whether national or international, supply what social scientists call public goods: outcomes that benefit many specifically but everyone generally, despite that fact that the production of such goods often requires some to pay disproportionately to sustain them. Thus, a decision to supply public goods can be in the U.S. interest, but has an altruistic twist: Providers pay but still benefit, even though recipients benefit more.

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Published In

The American Interest, 4, 3.