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Indeed. Preventing financial panics is one of the core purposes of modern government, the protestations of HN's resident Ayn Rand readership notwithstanding.
by CPLX 10y ago
Indeed. Preventing financial panics is one of the core purposes of modern government, the protestations of HN's resident Ayn Rand readership notwithstanding.
- lend000 10y agoHow is that working out? Booms and busts are inherent to a market, but with Keynesian policies we extend the busts and inflate artificial booms (see: housing crisis), and we rack up more debt every time.