4 ms·

Probably transformed from this article: https://www.belfercenter.org/publication/no-atheists-foxholes-no-libertarians-financial-crises https://www.belfercenter

• Grimburger 4y ago
  Which is incredibly strange because I remember libertarians screaming to the hills against bailouts back then. Plenty of people who weren't in that camp were against it too. The 2008 bailouts directly led to Occupy Wallstreet which was a big tent of political affiliations. Satoshi Nakamoto released bitcoin with "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" recorded in the first block which is clearly a political statement against them.
  • cypherpunks01 4y ago
    I think the "phrase" in question has a more limited meaning than you are trying to ascribe to it. It means that people who are in a situation where they stand to directly benefit from a bailout (depositors, bondholders, shareholders) will lean away from libertarian views, based on their own needs at the time. It doesn't claim that libertarians are for/against bailouts in general. People who would not be directly helped, or who might even be harmed by a bailout (taxpayers), rail against them as being unfair, as in the examples you point out.