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.
Post by twetch#5040
Of course they are dragged down, as that’s the ebb and flow of a market. Majority of strong worthwhile companies will endure.
What the chain says
- Block
- 632 037
- Time
- 2020-04-24T17:31:40Z
- Signer
- 1NnjDhcC9qaoVwdJGv1TLK6nmNVrsTPK5T
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#5040
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1NnjDhcC9qaoVwdJGv1TLK6nmNVrsTPK5T VerifiedReplies (9)
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
so what does student education do?
what?
The market crash is just a symptom. The real problem is the sudden shrink in money+credit supply and consequent cost of liquidity.
Not all bailouts are good, not all are bad.
What’s an example of a good govt bailout?
Airline companies, so they can still transport goods.
Go back to 1934 and try to convince them of that 😜