3 ms·
It seems like at some point you have to let a wound bleed. If we keep bailing out bad investments every black swan event, you're never allowing for a correction
by djohnston 7y ago
It seems like at some point you have to let a wound bleed. If we keep bailing out bad investments every black swan event, you're never allowing for a correction. Eventually the accumulated amount of bad business would be too much for the gov't to save. To borrow from biology, it seems like we're constantly interfering in the process of autophagy.
Unfortunately there's no political capital to be saved with such a decision.