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I'm not understanding your argument that giving people money means that the U.S is more willing to risk firm collapse, or that by not giving them money Europe i

• JumpCrisscross 2y ago
  > giving people money means that the U.S is more willing to risk firm collapse, or that by not giving them money Europe is more averse America is okay letting firms collapse, despite having a weaker safety net. After the financial crisis, where we were protective of our industry, we became protective of our peoples' livelihoods. Europe has a safety net. But it remains protective of its industry and their captains. That just produces a different risk-reward mix and tolerance to economic churn.