3 ms·
>Yet when the bubble pops and the too-big-to-fails have to be 'recapitalized' all we get from the ruling class is more hating on markets. The reason this happe
by woodandsteel 10y ago
>Yet when the bubble pops and the too-big-to-fails have to be 'recapitalized' all we get from the ruling class is more hating on markets.
The reason this happens is that during the boom phase, the conservatives and libertarians, the defenders of the market, tell everyone things are going just fine. And then when it all blows up, they suddenly change their line and say it was all due to government subsidies and regulations. That is what happened last time, remember?