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> And claiming that the Fed is the root of all our problems misses the bigger picture. I think you are missing the bigger picture here, When Fed steps in to ba
by sumedh 6y ago
> And claiming that the Fed is the root of all our problems misses the bigger picture.
I think you are missing the bigger picture here, When Fed steps in to bail out failed companies, it increases the moral hazard, there is no reason to be responsible when you know the Fed will bail you out.