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Fiat is the reason why the financial institution is so reckless. Everyone when there is an issue, the Federal Reserves stepped in, printed money and bailed the
by wdn 8y ago
Fiat is the reason why the financial institution is so reckless.
Everyone when there is an issue, the Federal Reserves stepped in, printed money and bailed them out.
The end result, the financial sector gets bigger and bigger over the last few decades. Privatize the reward, socialize the risk.