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This condition was created by the government selecting winners and losers in the first place. The market has to decide who wins and who loses to achieve any nor
by Geisterde 3y ago
This condition was created by the government selecting winners and losers in the first place. The market has to decide who wins and who loses to achieve any normal distribution of resources, otherwise it will always be captured by politicians and/or corporations.
There can be no agreement among "economist across the ideological spectrum", there can only be agreement among economists who agree with bailouts, or agreement among economists who disagree with bailouts. We have directly opposing views on what makes something moral, on how value is created, even on what money is; there cant be any agreement when the differences in fundamental assumptions directly conflict. Naturally those against bailouts will be marginalized and called fringe kooks that can be safely ignored.