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Reading from the book of Genesis Block: > The Times 03/Jan/2009 Chancellor on brink of second bailout for banks A real-world problem is governments giving tr
by andrewla 9y ago
Reading from the book of Genesis Block:
> The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
A real-world problem is governments giving trillions of made-up dollars to the huge companies that lost trillions of dollars, while allowing them to keep the money they made when they started taking these risks.
A real-world problem is that governments creating trillions of dollars is not a risk-free endeavor; the value has to come from somewhere, and it comes from you.
A real-world problem is that central banks are not good at their jobs, and they enable governments to behave irresponsibly with their currencies.
- emodendroket 9y agoWell, I think even in a zero-inflation or even deflationary world we could imagine ways a government could still take money from citizens and give it to businesses.