3 ms·
It should be possible to bail out the people without bailing out the companies, and it should be doable without generic QE. What if the government builds its ow
by polio 4y ago
It should be possible to bail out the people without bailing out the companies, and it should be doable without generic QE. What if the government builds its own farms and grocery stores and housing complexes? Would that be bad because of how much control it would give the government or would it be good because of how much control it wrests away from private industry?
- taolegal 4y agoIt's bad because the ultimate truth that's been proven over the entirety of human history is that a small group of people simply do not possess the knowledge required to operate economies & plan peoples' lives. That knowledge is often only available to individuals themselves (their preferences!).