4 ms·
Ok, then. I guess you also have a plan to avoid the second great depression? Lots of pain,death and suffering. The higher you climb, the harder you fall. Look
by badrabbit 7y ago
Ok, then. I guess you also have a plan to avoid the second great depression? Lots of pain,death and suffering. The higher you climb, the harder you fall. Look at venezuela and imagine astronomically worse.
They should perhaps consider taking criminal action against execs ,create better regulation and permanetly take away equity from these companies but why do people think it's a good idea to let th fail and watch the fire burn as if they won't burn everything you have down with them?
- AbrahamParangi 7y agoRewards require risks. Take away the downside and you'll find you've also destroyed the upside. This is everywhere in life, not just in economics.
- renewiltord 7y agoYeah, but the causative link doesn't work the other way. Sometimes you can add more downside and get no more upside. My prediction? This stimulus package won't destroy the upside.
- lostmsu 7y agoThis prediction is unverifiable, as you don't know what would have happened in 2, 5, 10 years, if the bailout did not happen.
- renewiltord 7y agoAh ha, that's fair. But that is just as well a problem with the original assertion. So I suppose I'm happy to listen to the prediction as to which upsides are about to be destroyed and then perhaps pick a position opposite it that's verifiable.
- bradknowles 7y agoNo, just socialize all risks and privatize all profits. That’s the New American Way. All upside, no downside. But only for Wallstreet and big companies that can buy all the best politicians.