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The economy should have failed during the 2020 crisis. That's the point. Government intervention not only prolongs the pain but inevitability increases it as it
by joemazerino 4y ago
The economy should have failed during the 2020 crisis. That's the point. Government intervention not only prolongs the pain but inevitability increases it as it tries to save.
- mountainriver 4y agoSorry that’s just not true, government intervention can absolutely break the economy out of equity traps when a recession hits. If people are scared to lend/spend money it’s a self fulfilling prophecy, and can make things much worse
- effingwewt 4y agoI disagree. Not only did the intervention help no one but the banks, but when they were bailed out with taxpayer money, they were refusing loans to the point they were sued over it. While using the same funds to pay obscene CEO bonuses. We stopped having a free market at that moment, and we've seen things go right back to the same exact spot only worse. Our entire financial system is bullshit now, it's one huge moral hazard.