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>>Attempts to reduce instability create stability for wealthy class, like wall Street and bankers, while socializing the cost of maintaining stability by increa
by ETH_start 4y ago
>>Attempts to reduce instability create stability for wealthy class, like wall Street and bankers, while socializing the cost of maintaining stability by increasing the cost of living for everyone else,
Yes. The short term stabilization brought about by the socialization of losses and due diligence costs also degrades the weeding out process that instills long term discipline on financial institutions.