Sunday, July 9, 2023
HomeValue InvestingLibertarian's (Unexpected) View on the Bailout of the Banking System - Ep...

Libertarian’s (Unexpected) View on the Bailout of the Banking System – Ep 186



Bailouts of the banking system create social tension. Eventually, bailouts introduce so much risk into the system that failures and bailouts become too costly for the society to bear, government creates draconian rules trying to prevent them in future, which in turn kills innovation and the formation of new businesses, and the result is a stagnating economy.

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