3 ms·
Not sure that's realistic. When companies go bankrupt, things don't just skip merrily along as if nothing is happening. Business partners start getting a lot
by downerending 7y ago
Not sure that's realistic. When companies go bankrupt, things don't just skip merrily along as if nothing is happening. Business partners start getting a lot more worried about getting paid, employees start thinking the same and moving on if they can, etc. It's like stepping in molasses--everything gets slower.
Perhaps they should just be allowed to fail, but it's far from risk-free, especially when we're diving into a deep Depression the likes of which none of us have ever seen.
- mandelbrotwurst 7y agoI agree with you (to an extent) and was admittedly glossing over the costs - I'm just not convinced that market manipulation is going to be an effective way to prevent depressions. I'm not even convinced that anyone pulling these strings doesn't know this. Some of the costs that you describe, like folks being less willing to invest in and work on things that have proven themselves to be unprofitable, may actually be benefits.