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I not sure he exactly said that the 2008 crisis _should've_ been allowed to fail; but just that since it _wasn't_ allowed to fail, it has these consequences, co
by platz 9y ago
I not sure he exactly said that the 2008 crisis _should've_ been allowed to fail; but just that since it _wasn't_ allowed to fail, it has these consequences, compared to what happened in the 70's with the 'reboot'.
- Clubber 9y agoI agree. I was just pontificating on the pluses and minuses of each direction. What would it have looked like if our banking system was allowed to collapse, short term and long term?