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Exactly. The government ultimately has to print the money that it uses to bail out these guys (who deserve to fail anyway) - the consequence of this printing is
by maxharris 18y ago
Exactly. The government ultimately has to print the money that it uses to bail out these guys (who deserve to fail anyway) - the consequence of this printing is that the dollars in your pocket can't buy as much as they could before.
Taxes are not the only way to tax people.
* Yes, the government has been playing this game for around a century. But does that make it right to tack on another trillion in the theft?