More views on the US bailout plan

As Congress and President Bush set to "hammering out the details" of a proposed $700 billion bailout for investment banks, reason magazine asked free-market-friendly economists three pressing questions:

1. How bad is the current market situation?;
2. How bad are the current proposed bailout plans?; and
3. What's the one thing we should be doing that we're not?

The economists asked are Bryan Caplan, Robert E. Wright, Jeffrey A. Miron, Chris Dillow, Frederic Sautet, Mark Thornton, Yves Smith, Robert Higgs and Mike Munger. Their answers are here.