bailouts are a scam on the american people
companies must be allowed to fail
Post by twetch#1390
Bailouts keep the economy running and secures jobs.
What the chain says
- Block
- 632 031
- Time
- 2020-04-24T17:06:29Z
- Signer
- 1CBejXArQnuGoWDZkZkbV9wMastGWFYbzz
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1390
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1CBejXArQnuGoWDZkZkbV9wMastGWFYbzz VerifiedReplies (12)
Zoom out. That is such short term thinking.
Bailouts keep inefficient and/or incompetent companies from going bankrupt. Delays and exacerbates the problem. It prevents the resources within company from being recycled into economy for higher/better use.
I disagree, what creates anomalies is the wrong use of credit. When a credit bubble bursts, companies that were not engaged in bad practices are dragged down. @3 the 1929 > 1933 period is your historical example of what not bailing out leads to.
Of course they are dragged down, as that’s the ebb and flow of a market. Majority of strong worthwhile companies will endure.
companies not prepared for a market crash aren't properly managing risk
big companies going bankrupt opens up the market to new and innovative companies