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Bailouts are a necessary resort when the market fails to self regulate. Which spoiler alert, it has always done cyclically since capitalism is a thing. The que
by pietrovismara 6y ago
Bailouts are a necessary resort when the market fails to self regulate. Which spoiler alert, it has always done cyclically since capitalism is a thing.
The question is not if there will be another crisis, is when it will be. Under a free market, economical crisis are a certainty.
- chordalkeyboard 6y agoNothing makes them necessary, and the free market regulates by allowing those businesses to fail. Since we don’t have a free market, but a regulated one, those crises you refer to are symptoms of a regulated market. Cyclic failures are also a result of the banking system and their use of scrip as opposed to specie.