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seems like they should restrict the use of debt-based (government emitted credit money) for the purpose stock market speculation. or if they wanna keep the abi
by bsedlm 5y ago
seems like they should restrict the use of debt-based (government emitted credit money) for the purpose stock market speculation.
or if they wanna keep the ability to take huge risks, there should be some way to force large financial entities to face the loses when they do risky things and fail as opposed to letting the "market" (i.e. the future taxpayer) pay the bills.
at the very least they should cut them off from "new money" (which is government emitted credit=debt-money) until they pay back in whole as opposed to just making even more "money" to dig a deeper hole for the future taxpayer to fill back up.
I'm reminded of filling up a hole by digging in other places to fill the original hole without ever realizing that you're actually in the ocean and thus you are just lowering the overall water level.
- nradov 5y agoThere is no separate category of debt-based government emitted credit money. Since we left the gold standard all US dollars have been debt based. That's not a bad thing, it's just how our banking system works. Stock investors are already generally limited to 2× leverage in brokerage accounts.
- bsedlm 5y ago> There is no separate category of debt-based government emitted credit money. maybe there should be