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I feel everyone saying this is completely ignoring what that would mean. You like 10% unemployment? Cool. Here's 25+% unemployment. Sure, a few people might hav
by s73v3r_ 8y ago
I feel everyone saying this is completely ignoring what that would mean. You like 10% unemployment? Cool. Here's 25+% unemployment. Sure, a few people might have benefitted in such a way that it would allow them to be the new entrenched banking class, but millions more people would have found themselves laid off, foreclosed upon, and in general completely fucked over through no fault of their own.
- grosjona 8y agoEveryone would have survived and they would have gained a great deal of wisdom from this experience. Rich people would have learned humility and everyone else would have learned that the system actually works. Instead, rich people learned complacency and everyone else learned that the system is rigged.