This is the tradeoff, according to Scott Sumner:
Just imagine how fortunate the residents of Owatonna, Minnesota are, as they get to walk by this pre-FDIC bank building everyday (also see here.) I’m not saying that modestly reducing the FDIC coverage will revive the architectural fashions of the early 1900s, but if it produces buildings even 1/10th as beautiful as Sullivan’s masterpiece, then it will have been worthwhile.
Why be modest?
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2 comments:
Nice find! You need to fix the link, though.
Thanks, should be fixed now.
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