News for hackers. Stuff that matters.

A comment on Have the record number of investors in the stock market lost their minds?. Parent comment

Re:Have the record number of investors in the stock market l... by chrismarlow9 on Saturday May 16, 2020 @12:03PM (#23204554)
this is it for me. the government just pretty much admitted when things get ugly they will save it. why wouldn't you invest in that?

it's like the US government has been bluffing about capitalism being the answer the whole time and that bluff just got called.

[ Parent | on HN ]
Re:Have the record number of investors in the stock market l... by pradn on Saturday May 16, 2020 @12:51PM (#23205059)
The US government has been performing standard Keynesian monetary & fiscal stimulus measures during crises since the Depression. That's what I mean when I say the government is ready to spring into action. It's possible to imagine a totally laissez-faire world where they wouldn't do that. Despite the strength of free-marketeers in the US, we're not quite there yet.
[ Parent | on HN ]