4 ms·
The real loss is in the lower rates at which the financial companies with a now-explicit government backstop are able to borrow money. That's a subsidy worth hu
by IdEntities 4y ago
The real loss is in the lower rates at which the financial companies with a now-explicit government backstop are able to borrow money. That's a subsidy worth hundreds of billions of dollars per year which is never included in this sort of accounting.