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So it would be like a 19th-century panic/recession, without hard money. He's omitting the part where, since we aren't subsidizing stupid decisions, stupid decis
by byrneseyeview 18y ago
So it would be like a 19th-century panic/recession, without hard money. He's omitting the part where, since we aren't subsidizing stupid decisions, stupid decisions don't get made and the economy recovers very quickly.
- lacker 18y agoIf only subsidizing nothing was sufficient to prevent stupid decisions from being made!