Re:The political aftermath of financial crises: Going to ext...
by lintiness on Friday December 11, 2015 @11:55AM
(#10718155)
"the only bailout beneficiaries are big banks" is patently false.
if the banks were the only parties to benefit, there'd be zero political will to aid. banks hold the nation's savings, and allowing them to fail meant multiples of pain for average people.
if this crisis proved anything, it's that friedman was right (printing can stall a deflationary spiral). what remains to be seen is how the next act plays.
if the banks were the only parties to benefit, there'd be zero political will to aid. banks hold the nation's savings, and allowing them to fail meant multiples of pain for average people.
if this crisis proved anything, it's that friedman was right (printing can stall a deflationary spiral). what remains to be seen is how the next act plays.