> government bailout using tax payer money of a "too big to fail" organization would not happen in such a world - making the economic system a lot stronger for

> government bailout using tax payer money of a "too big to fail" organization would not happen in such a world - making the economic system a lot stronger for the individuals. At the risk of starting a flamewar over Keynesianism (or MMT): while I agree that tolerating "TBTF" firms leads to serious moral hazards, let's just say it is highly disputed among economists whether or not it's advantageous for states to have macroeconomic levers. I'm happy to acknowledge the Austrian school's perspective, but it's not exactly a universal consensus. > a democratic and capitalist system These two things are in tension. That's not necessarily a problem, a free and just society has to balance multiple concerns (minority rights vs. majority rule); but the very issue with monetary or economic policy is that it lives at an intersection point between public and private interests, and any policy decision (or non-decision) is likely to have winners and losers.